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Economics · May / June 2016 · Paper 11 · Question 13

2281Types of markets

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

  1. Athe ability to exclude rivals
  2. Bthe benefit of internal economies of scale
  3. Cthe problem of diseconomies of scale
  4. Dthe wish to maximise profits

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Correct answer: D. the wish to maximise profits

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