Skip to content
BvunzoHub

Menu

Get full accessSign in

ZIMSEC O-Level Economics

6.9.4Short-run and long-run equilibrium; comparing market structures

Short-run and long-run equilibrium; comparing market structures in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic20 practice questions1 lesson
Practise this topicAll Economics topics

Learning objectives

What the syllabus expects you to be able to do.

  1. 6.9.4.1Form 4: describe short-run and long-run equilibrium in each market structure and identify the profit-maximising output.
  2. 6.9.4.2Form 4: compare the features and outcomes of the different market structures.

Lessons

  • Price and output in different market structures

    40 min

    Full access

Join to read every lesson, or see what Full access includes.

Sample question

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

Short-run and long-run equilibrium; comparing market structures: sample question

1 mark

At its profit-maximising output of 80 units, a fictional monopoly has average revenue of US$27 and average total cost of US$22.50. Calculate its abnormal profit.

Complete: US$ …

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

Turn Short-run and long-run equilibrium; comparing market structures into a strength.

Practise with instant marking, see your mastery grow and get a study plan built around your exam date.

Start learningEconomics topics