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Market structure
Understand how a large number of firms in competitive markets influences price, quality, choice, and profit. Note that detailed theories of perfect and imperfect competition and diagrams are not necessary.
2
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20
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14
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88 min
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CambridgeIGCSEEconomicsSubject content
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Market structure outcomes2 objectives
- Understand how a large number of firms in competitive markets influences price, quality, choice, and profit. Note that detailed theories of perfect and imperfect competition and diagrams are not necessary.
- Recognize the features, benefits, and drawbacks of monopoly markets. Note that diagrams are not necessary.
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