A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2019 · Q111 Mark

What is a characteristic of monopolistic competition? A abnormal profits in the long run B advertising supporting product differentiation C all firms charge the same price D barriers to entry are high

11What is a characteristic of monopolistic competition? A abnormal profits in the long run B advertising supporting product differentiation C all firms charge the same price D barriers to entry are high[1]

Mark scheme

Marking points from the official mark scheme (May/June 2019). 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, May/June 2019 Paper 3 Variant 2, question 11.

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