Market Structures comes up every year and is usually question 2 in the long questions. There is nearly always a short question as well, so that means it could account for as much as 22% of your exam in June.
Beware of questions which make a statement such as "European short haul airlines operate under conditions of Imperfect competition or Oligopoly.... as the statement will often be false and you must agree or disagree as appropriate
Most years, you are asked to draw a labelled diagram of one of the market structures and explain the equilibrium position
Beware of questions which make a statement such as "European short haul airlines operate under conditions of Imperfect competition or Oligopoly.... as the statement will often be false and you must agree or disagree as appropriate
Most years, you are asked to draw a labelled diagram of one of the market structures and explain the equilibrium position
10._imperfect_competition.pdf | |
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