What four features classify market structures?
A
Production costs; profit levels; tax rates; consumer preferences.
B
Number and size of firms; price discrimination; economies of scale; government ownership.
C
Market demand; firm objectives; advertising expenditure; consumer income.
D
Number and size of firms; product differentiation; entry and exit barriers; information.
7.6.1 perfect competition and imperfect competition: monopoly, monopolistic competition, oligopoly, natural monopoly Flashcards
27 flashcards on CIE Intl A Level Economics 7.6.1 perfect competition and imperfect competition: monopoly, monopolistic competition, oligopoly, natural monopoly: the key terms and definitions you need to recall.