Individuals, firms, markets and market failure common mistakes

Common mistakes

• Production, costs and revenue common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.4.6 Marginal, average and total revenue..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Production, costs and revenue.

• Production, costs and revenue common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.4.7 Profit..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Production, costs and revenue.

• Production, costs and revenue common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.4.8 Technological change..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Production, costs and revenue.

• Perfect competition, imperfectly competitive markets and monopoly common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.5.1 Market structures..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Perfect competition, imperfectly competitive markets and monopoly.

• Perfect competition, imperfectly competitive markets and monopoly common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.5.2 The objectives of firms..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Perfect competition, imperfectly competitive markets and monopoly.

• Perfect competition, imperfectly competitive markets and monopoly common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.5.3 Perfect competition..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Perfect competition, imperfectly competitive markets and monopoly.

• Perfect competition, imperfectly competitive markets and monopoly common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.5.4 Monopolistic competition..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Perfect competition, imperfectly competitive markets and monopoly.

• Perfect competition, imperfectly competitive markets and monopoly common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.5.5 Oligopoly..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Perfect competition, imperfectly competitive markets and monopoly.

• Perfect competition, imperfectly competitive markets and monopoly common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.5.6 Monopoly and monopoly power..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Perfect competition, imperfectly competitive markets and monopoly.

• Perfect competition, imperfectly competitive markets and monopoly common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.5.7 Price discrimination..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to Perfect competition, imperfectly competitive markets and monopoly.