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A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2017 · Q131 Mark

In which market structure will the industry price be unaffected by a change in the output of one individual firm?

13A monopolistic competition B monopoly C oligopoly D perfect competition[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.

[1] D

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About this question

Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2017 Paper 3 Variant 3, question 13.

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