Production, Costs, and Revenue · Microeconomics

Market Structures

Comparing competitive markets against monopolies and oligopolies.

Key Questions

  1. 1How do monopolies impact consumer choice and pricing?
  2. 2What prevents new firms from entering a profitable market?
  3. 3Why might firms in an oligopoly choose to collude?

National Curriculum Attainment Targets

GCSE: Economics - Production, Costs and RevenueGCSE: Economics - Competitive and Concentrated Markets
Year: Year 10
Subject: Economics
Unit: Production, Costs, and Revenue
Period: Microeconomics

Suggested Methodologies

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