AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.5.10 Efficiency: Part 2
A-level only
Part 2 of efficiency: comparing market structures and judging performance, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- The conditions (from part 1)
- What drives dynamic efficiency?
- Long-run efficiency in each market structure
- Comparing the structures
- Conduct and performance indicators
- Classic question: which market structure is most efficient?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Long-run efficiency, structure by structure
- Can a monopoly end up cheaper?
- Structure, conduct or performance?
- Measuring inefficiency
- Judging efficiency
- Build the chain
- Exam practice
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