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CAIE IGCSE Economics 3.7.2 Monopoly Markets Questions

Practise Cambridge IGCSE Economics by identifying monopoly features, explaining market effects and evaluating barriers, economies of scale and public-interest reasons.

Syllabus
2027–2029
Course
Economics 0455

Exam points

  • Identify monopoly characteristics, including a single dominant firm, high barriers to entry and restricted competition.
  • Explain how monopoly power can affect price, output, consumer choice and firm profit compared with a competitive market.
  • Evaluate why a monopoly may exist or be permitted, using economies of scale, innovation or public-interest considerations.

CAIE IGCSE Economics 3.7.2 Monopoly Markets Questions question 1

[Maximum number: 1]

What would make the existence of a monopoly market more likely?

A

consumers prefer a variety of choice in products

B

significant economies of scale can be achieved

C

there are low barriers to entry and exit for firms

D

there are no restrictions on international trade

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