Individuals, firms, markets and market failure common mistakes

Common mistakes

• 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 3.1.5.8 The dynamics of competition and competitive market processes..

  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 3.1.5.9 Contestable and non-contestable markets..

  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 3.1.5.10 Market structure, static efficiency, dynamic efficiency and resource allocation..

  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 3.1.5.11 Consumer and producer surplus..

  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.

• The labour market common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.6.1 The demand for labour, marginal productivity theory..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to The labour market.

• The labour market common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.6.2 Influences upon the supply of labour to different markets..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to The labour market.

• The labour market common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.6.3 The determination of relative wage rates and levels of employment in perfectly competitive labour markets..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to The labour market.

• The labour market common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.6.4 The determination of relative wage rates and levels of employment in imperfectly competitive labour markets..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to The labour market.

• The labour market common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.6.5 The influence of trade unions in determining wages and levels of employment..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to The labour market.

• The labour market common mistake 1

  Writing a final answer without showing the method that justifies it. This can weaken answers for: Explain AQA section 3.1.6.6 The National Minimum Wage..

  Fix itShow the method first, then give the final answer in the required form. Apply this directly to The labour market.