O-LevelEconomicsThe allocation of resources2281/12 · Oct/Nov 2014 · Q131 Mark

What may exist in perfect competition but not in monopoly?

Abarriers to entry

Beconomies of scale

Cmany sellers

Dproduct differentiation

✓ Correct answer

C: many sellers

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 13.

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