◈ Oracle PrepSign Up Free
O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2014 · Q131 Mark

A market changes from perfect competition to monopoly. What is likely to happen in this market?

Adecrease decrease increase
Bdecrease increase decrease
Cincrease decrease decrease
Dincrease increase increase

✓ Correct answer

D: increase increase increase

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Microeconomic decision makers and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2014 Paper 1 Variant 1, question 13.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

Microeconomic decision makersMay/June 20111m

A person wishes to buy shares in order to make a long-term profit, but wants as little risk of short-term loss as pos…

Microeconomic decision makersMay/June 20111m

Which statement about a country's banks is correct?

Microeconomic decision makersMay/June 20111m

Why might factory workers have higher wage rates than agricultural workers?

The basic economic problemMay/June 20111m

A firm decides to stop manufacturing ovens and to produce washing machines instead. What is the opportunity cost to t…

The allocation of resourcesMay/June 20111m

What is an advantage of the market economic system?

The allocation of resourcesMay/June 20111m

Which pair of economic institutions can be found in a market economy?

← Browse all past-paper questions

© 2026 Oracle Prep