Day: September 27, 2020

What is found in a competitive market?

Select ONE answer:

1. Every firm earns large profits.
2. Firms with limited capital can enter the market.
3. The costs of production are always lower than in a monopoly.
4. There is limited choice for consumers.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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