Economics Multiple Choice Question – 17 June 2021

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

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A monopoly firm makes only normal profit in the long run.

What is MOST LIKELY to explain this?

Select ONE answer:

  1. The firm has decreasing long-run average costs.
  2. The firm is a public company with numerous shareholders.
  3. The firm is owned by a small number of financial institutions.
  4. The market in this industry is highly contestable.

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 4

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

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