Business Behavior and Market Structures · Microeconomics

Perfect Competition and Monopoly

A comparative study of the extremes of market structures and their efficiency outcomes.

Key Questions

  1. 1What trade-offs does a monopoly create between innovation and pricing?
  2. 2How does the absence of barriers to entry protect the consumer in the long run?
  3. 3Who bears the costs of productive inefficiency in a protected market?

National Curriculum Attainment Targets

A-Level: Economics - Market StructuresA-Level: Economics - Perfect Competition and Monopoly
Year: Year 13
Subject: Economics
Unit: Business Behavior and Market Structures
Period: Microeconomics

Suggested Methodologies

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