AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.5.4 Monopolistic competition
A-level only
Everything you need for questions on monopolistic competition, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Characteristics
- Short run to long run
- The diagrams
- Efficiency in the long run
- Non-price competition
- Classic question: is monopolistic competition good for consumers?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Your café opens
- Place the market
- How much to spend on branding?
- Trainer
- Variety at a price?
- Build the chain
- Exam practice
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