Economics 0455 · IGCSE · Market structure

Market structure — practice question

In certain industries, one monopoly determines output and prices. What effect is this most likely to have on consumers?

  • Ahigher prices
  • Bhigher profits
  • Chigher taxes
  • Dmore choice

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI