Economics (AS & A Level) · May / June 2021 · Paper 32 · Question 11
9708Different market structures
The information gives the characteristics for a market structure. ● The two leading brands control 60% of the market. ● Other large firms and a few smaller firms exist in the market. ● Prices tend to be stable. ● There are significant barriers to entry. Which market structure is this most likely to be?
- Amonopolistic competition
- Bmonopoly
- Coligopoly
- Dperfect competition
As printed in the paper
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Correct answer: C. oligopoly
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