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GCSE
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More cards in this set
Card 6
Front
What is a monopoly?
Back
Card 7
Front
Why does a monopoly producer have no incentive to act economically efficient in a free market without government intervention?
Back
Card 8
Front
Why are there no rivals firms in a monopoly?
Back
Card 9
Front
How can monopolies be disadvantageous for consumers?
Back
Card 10
Front
What does market failure lead to?
Back
Card 11
Front
What is occupational immobility?
Back
Card 12
Front
What is geographical immobility?
Back
See full card set
