A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2017 · Q111 Mark
Firms in a market advertise their products with different brand names. Some make more profit than others in the short run but all make normal profit in the long run.
- (a)Firms in a market advertise their products with different brand names. Some make more profit than others in the short run but all make normal profit in the long run. Which market structure is this? A perfect competition B monopolistic competition C oligopoly D monopoly[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] Answer: B
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