plumiPerfect competition: OCR A‑Level Economics questions
Every OCR A-Level Economics exam question on 4.1 Perfect competition, 2021–2025, with its mark scheme and examiner’s report.
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All 3 questions on Perfect competition, as a list
- June 2024, Paper 3, Q21 (1 mark): The diagram shows a firm in a perfectly competitive market making supernormal profit in the short run. Costs / MC revenues AC AR = MR O W X Y Z Quantity What is
- June 2024, Paper 3, Q26 (1 mark): What is a characteristic of both a market operating under perfect competition and a contestable market? A Freedom of entry and exit B Homogenous goods C Many fi
- June 2022, Paper 3, Q3 (1 mark): The diagram below shows a firm producing Q1 units of output at a price of P1 at a particular point in time. What is likely to happen next? Costs / revenues MC A
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