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Cambridge IGCSE Economics

3.7.2Monopoly markets

Monopoly markets in Cambridge IGCSE Economics: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 3.7.2Explain the characteristics, advantages and disadvantages of monopoly and the effect of one firm on price, quality, choice and profit (no diagrams).

Lessons

  • Monopoly

    30 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Monopoly markets: sample question

1 mark

When a fictional bus route was served by several operators, the fare was US$4.50. After one operator bought out the others, the fare rose to US$6.30. Calculate the percentage rise in the fare, to one decimal place.

Answer in %.

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