Micro 5.1 0.0 / 5 ? EconomicsMarket StructuresA2/A-levelAQA Created by: neve.whinnCreated on: 15-03-20 14:04 What is a market structure? The number and size of firms within a market for a particular good or service, and the extent to which they compete with one another. 1 of 5 Who can supply the market? A large number of firms, a small number of firms or one firm. 2 of 5 What does the spectrum of competition range from? Perfect competition (left end) to pure monopoly (right end). 3 of 5 What is the most competitive form of market structure? Perfect competition. 4 of 5 When does a pure monopoly exist? When one firm supplies the market and it is the least competitive form of market structure. 5 of 5
AQA Unit 3 Economics: Business Economics and the Distribution of Income 5.0 / 5 based on 1 rating Teacher recommended
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