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AQA Economics AS - Competitive Markets
AQA economics AS level.
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EvanRoberts
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Last updated: November 25, 2016
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First submitted
November 22, 2016
Times taken
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28.6%
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What are the seven characteristics of perfectly competitive markets?
Large number of buyers and sellers
Homogenous products
Uniform price
No barriers to entry or exit
Perfect knowledge
Perfect mobility of factors of production
Absence of transport costs
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AQA Economics AS
Quiz series by EvanRoberts
AQA Economics AS #3
AQA Economics AS - Benefits and Costs of Economic Growth
AQA Economics AS - Causes of Inflation
...
AQA Economics AS - Conditions of demand
AQA Economics AS - Conditions of supply
AQA Economics AS - Consequences of Inflation
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