Economics Multiple Choice Question – 27 September 2020

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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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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