O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2016 · Q131 Mark

Which characteristic does a firm in perfect competition have in common with a monopoly?

Athe ability to exclude rivals

Bthe benefit of internal economies of scale

Cthe problem of diseconomies of scale

Dthe wish to maximise profits

✓ Correct answer

D: the wish to maximise profits

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2016 Paper 1 Variant 1, question 13.

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