AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.5.8 The Dynamics of Competition
Also AQA AS 7135: 3.1.4.5
Everything you need for questions on the dynamics of competition and competitive market processes, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Competition is more than price
- The benefits of competition
- The competitive process over time
- Creative destruction
- Vigorous competition or exploitation?
- Classic question: is competition always better than monopoly?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Profit attracts rivals
- Choose how to compete
- Benefit, process or exploitation?
- Measuring the effects of entry
- Competition over time
- Build the chain
- Exam practice
This is part of the Exam Toolkit
Join the Exam Toolkit to open every lesson page, worksheet, diagram and chain.