Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Perfect Competition Definition: A market with Perfect Competition is defined as having an unlimited number of buyers and sellers, perfect information (eg. with regards […]
Market Structure
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Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Monopoly Definitions: – A Monopoly (Pure Monopoly) is defined as having only one seller in the market. – A legal monopoly is defined as […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Oligopoly Definition: An Oligopoly is a market structure where only a few sellers dominate the market. Oligopoly Examples & Explanation: Because there are only […]
Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Monopolistic Competition Definition: Monopolistic Competition is defined as a market structure with a large number of firms, low barriers to entry and differentiated products. […]