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3.7.1—Competitive markets

Syllabus
0455–2027–2028
Objective
3.7.1
Level

3.7.1—Competitive markets

  • characteristics, advantages and disadvantages of competitive markets
  • effect of having a high number of firms on price, quality, choice, profit Note: diagrams / perfect or imperfect competition theory are not required.
ConceptIGCSE Economics