Note AcademyNote Academy
Start

Economics (AS & A Level) · Oct / Nov 2021 · Paper 33 · Question 10

9708Different market structures

Firms in a market advertise their products with different brand names. Some make more profit than others in the short run but all make normal profit in the long run. Which market structure is this?

  1. Aperfect competition
  2. Bmonopolistic competition
  3. Coligopoly
  4. Dmonopoly

As printed in the paper

Show the answer

Correct answer: B. monopolistic competition

Sit this whole paper →More on Different market structures

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.