Economics 0455 · IGCSE · Market structure

Market structure — practice question

A small number of multinational companies dominate the world’s open-cast mining of mineral ores, and they use comparatively few workers. What does this show?

  • AProduction is capital-intensive.
  • BProductivity of labour is low.
  • CThe market is perfectly competitive.
  • DThere is a monopoly of world production.

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