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O-LevelEconomicsThe allocation of resources2281/11 · Oct/Nov 2010 · Q231 Mark

What is unlikely to be a feature of a large firm in a monopoly position in a market?

AIt achieves economies of scale.
BIt charges high prices.
CIt removes barriers to entry.
DIt will attract government attention.

✓ Correct answer

C: It removes barriers to entry.

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About this question

Topic
The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2010 Paper 1 Variant 1, question 23.

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