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O-LevelEconomicsThe allocation of resources2281/12 · May/June 2015 · Q121 Mark

What may exist in monopoly but not in perfect competition?

Abarriers to entry

Bidentical products

Cmarket price

Dperfect knowledge

✓ Correct answer

A: barriers to entry

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2015 Paper 1 Variant 2, question 12.

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