3.7. Types of markets
- Syllabus
- 0455–2027–2028
- Topic
- 3.7
- 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.
3.7.2—Monopoly markets
- characteristics, advantages and disadvantages of monopoly markets
- effect of having only one firm on price, quality, choice, profit Note: diagrams are not required.
Objective notes
2 learning objectivesConceptIGCSE Economics