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ZIMSEC A-Level Economics

5.3Market structures

Market structures in ZIMSEC A-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic130 practice questions6 lessons

Learning objectives

What the syllabus expects you to be able to do.

  1. 5.3.1Explain the concept of market structure and the features of perfect competition, monopoly, monopolistic competition, oligopoly and contestable markets.
  2. 5.3.2Analyse the factors that influence the pricing and output decisions of firms in each structure.
  3. 5.3.3Compare and contrast market structures.

Lessons

  • Collusion, cartels and the Prisoner's Dilemma

    45 min

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  • Market structures: features, barriers and contestability

    40 min

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  • Monopolistic competition

    40 min

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  • Monopoly and natural monopoly

    45 min

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  • Oligopoly: interdependence and pricing behaviour

    45 min

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  • Perfect competition

    45 min

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Sample question

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

Market structures: sample question

1 mark

The main reason why cartels often break down is that

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Turn Market structures into a strength.

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