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Perfect competition: AQA A‑Level Economics questions

Every AQA A-Level Economics exam question on 4.1.5.3 Perfect competition, 2020–2025, with its mark scheme and examiner’s report.

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686 questions

  1. Q19

    June 2025 · Paper 3

    1 mark4.1.5.3 Perfect competition
    The whole paper ↗
    June 2025 Paper 3, question 19: Figure 5 shows the average cost (AC), marginal cost (MC), average revenue (AR) and marginal revenue (MR) curves for a firm in a perfectly competitive market. Th

  2. Q06

    June 2024 · AS Paper 1

    1 mark4.1.5.3 Perfect competition
    The whole paper ↗
    June 2024 AS Paper 1, question 06: In a perfectly competitive market, a firm is most likely to [1 mark] A charge the same price as other firms. B earn large profits in the long run. C produce the

  3. Q08

    June 2023 · Paper 3

    1 mark4.1.5.3 Perfect competition
    The whole paper ↗
    June 2023 Paper 3, question 08: Figure 3 shows the marginal cost (MC) and average total cost (ATC) curves for a firm in the short run in a perfectly competitive market. It also shows the firm’

  4. Q20

    June 2022 · Paper 3

    1 mark4.1.5.3 Perfect competition
    The whole paper ↗
    June 2022 Paper 3, question 20: There is a reduction in the market demand for the product supplied by firms operating in a perfectly competitive industry. All other things being equal, which o

  5. Q06

    June 2022 · AS Paper 1

    1 mark4.1.5.3 Perfect competition
    The whole paper ↗
    June 2022 AS Paper 1, question 06: Which one of the following best describes the market conditions for a firm in a perfectly competitive market? A Limited consumer information and no product diff

  6. Q09

    November 2021 · Paper 1

    15 marks4.1.5.3 Perfect competition4.1.5.10 Market structure, static efficiency, dynamic efficiency and resource allocation
    The whole paper ↗
    November 2021 Paper 1, question 09: Explain how perfect competition should lead to outcomes which are both productively and allocatively efficient. [15 marks] Essay 1 Price comparison websites wer

  7. Q16

    November 2021 · Paper 3

    1 mark4.1.5.3 Perfect competition
    The whole paper ↗
    November 2021 Paper 3, question 16: Figure 5 shows the demand (D) curve and the average and marginal cost (AC and MC) curves for a firm operating in a perfectly competitive market for eggs. Figure

  8. Q28

    November 2020 · Paper 3

    1 mark4.1.5.3 Perfect competition
    The whole paper ↗
    November 2020 Paper 3, question 28: Table 5 contains data for a firm’s marginal cost of producing different outputs of shirts per day. The firm operates in a perfectly competitive market. Table 5

  9. Q14

    November 2020 · AS Paper 1

    1 mark4.1.5.3 Perfect competition4.1.5.6 Monopoly and monopoly power
    The whole paper ↗
    November 2020 AS Paper 1, question 14: Which one of the following helps to explain why profits are likely to be lower in a perfectly competitive market than in a monopoly market? A A firm with monopo
All 9 questions on Perfect competition, as a list
  1. June 2025, Paper 3, Q19 (1 mark): Figure 5 shows the average cost (AC), marginal cost (MC), average revenue (AR) and marginal revenue (MR) curves for a firm in a perfectly competitive market. Th
  2. June 2024, AS Paper 1, Q06 (1 mark): In a perfectly competitive market, a firm is most likely to [1 mark] A charge the same price as other firms. B earn large profits in the long run. C produce the
  3. June 2023, Paper 3, Q08 (1 mark): Figure 3 shows the marginal cost (MC) and average total cost (ATC) curves for a firm in the short run in a perfectly competitive market. It also shows the firm’
  4. June 2022, Paper 3, Q20 (1 mark): There is a reduction in the market demand for the product supplied by firms operating in a perfectly competitive industry. All other things being equal, which o
  5. June 2022, AS Paper 1, Q06 (1 mark): Which one of the following best describes the market conditions for a firm in a perfectly competitive market? A Limited consumer information and no product diff
  6. November 2021, Paper 1, Q09 (15 marks): Explain how perfect competition should lead to outcomes which are both productively and allocatively efficient. [15 marks] Essay 1 Price comparison websites wer
  7. November 2021, Paper 3, Q16 (1 mark): Figure 5 shows the demand (D) curve and the average and marginal cost (AC and MC) curves for a firm operating in a perfectly competitive market for eggs. Figure
  8. November 2020, Paper 3, Q28 (1 mark): Table 5 contains data for a firm’s marginal cost of producing different outputs of shirts per day. The firm operates in a perfectly competitive market. Table 5
  9. November 2020, AS Paper 1, Q14 (1 mark): Which one of the following helps to explain why profits are likely to be lower in a perfectly competitive market than in a monopoly market? A A firm with monopo

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