Edexcel IGCSE Economics 1.2.4.i main features of oligopoly
Practise oligopoly-feature questions by using market data to identify few dominant firms, barriers, branding and product differences.
- Syllabus
- First assessment 2019
- Course
- Economics 4EC1
Exam points
- Identify oligopoly features from data on few dominant firms and barriers to entry.
- Describe how branding, product differences or non-price competition shape rivalry.
1.2.4.i Main features of oligopoly question 1
[Maximum number: 1]
State one main feature of an oligopoly.
AO1 1 mark
Award 1 mark for a correct feature
- Few firms
- Large firms dominate
- Different products
- Barriers to entry
- Collusion
- Price competition
- Non-price competition
Accept any other appropriate response
(1)
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