A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2018 · Q71 Mark

The table shows four market structures. | market structure | barriers to entry | differentiated products | |---|---|---| | A monopolistic competition | low | no | | B monopoly | high | yes | | C oligopoly | low | no | | D perfect competition | high | yes | Which characteristics could describe the market structure shown? A monopolistic competition low no B monopoly high yes C oligopoly low no D perfect competition high yes

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Oct/Nov 2018 Paper 3 Variant 3, question 7.

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