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ZIMSEC O-Level Economics

6.9.1Perfect competition

Perfect competition in ZIMSEC O-Level 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. 6.9.1.1Form 3: describe the features of perfect competition and explain its advantages and disadvantages.

Lessons

  • Competitive markets and perfect competition

    30 min

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Sample question

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

Perfect competition: sample question

1 mark

Rudo is one of many fictional growers selling identical cabbages at a market price of US$0.65 each. She sells 3,400 cabbages in a month. Calculate her total revenue.

Complete: US$ …

Only if the answer has a unit, e.g. cm or km/h.

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