Market Efficiency Notes & Questions (A-Level, IB)

Related Exam Boards: GCE A-Level, IB (HL), Edexcel (A2), OCR, AQA, Eduqas, WJEC

Looking for revision notes, past exam questions and teaching slides relating to efficiency in market structures? Check out ours below and download them if you find it helpful!

Efficiency is about how a market system makes optimal use of scarce resources to satisfy the buyer’s wants and needs. The two main types of efficiency to learn are Productive Efficiency and Allocative Efficiency. Depending on the type of market structure and the timeframe (short run vs long run), the two types of efficiency may or may not exist. For example, perfect competition might not be productively efficient in the short run, but is both allocative and productively efficient in the long run due to a large number of firms entering into the market.

Market Efficiency Revision Notes

Want a closer look? Download these notes here.

Market Efficiency MC Questions with answers (GCE A-Level)

Want a closer look? Download these questions here.

Follow us on Facebook, TES and SlideShare for resource updates.

Leave a comment

Your email address will not be published. Required fields are marked *