NECO Economics · Production, firms and markets
Market structures: NECO Economics Past Questions and Answers
What the WAEC syllabus covers in Market structures
Our summary: How price and output are set under perfect competition, monopoly and monopolistic competition.
- Concept of a market
- Characteristics of various market structures
- Determination of price and output under different structures – perfect competition and imperfect competition (monopoly and monopolistic competition)
- Review of cost and revenue concepts
- Price discrimination
Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)). NECO questions are matched to the WAEC syllabus topic.
NECO Economics questions on Market structures
- NECO 2009The demand curve of a perfect competitive market is infinitely elastic indicating that the firm can
- NECO 2009A monopolist is a
- NECO 2007The following are types of monopolies EXCEPT
- NECO 2005An industry operating in a perfect competitive market situation will maximum profit when
- NECO 2004The excess profit made by a firm in a competitive market situation in the short-term is known as
- NECO 2003For a monopolist, the demand curve is
- NECO 2003Which of the following is true of a perfect market situation?
- NECO 2002A market situation with few sellers and many buyers is called
Years with Market structures questions in DeeepSolve's question bank
From the past questions DeeepSolve holds, not a count of everything the exam body has set.
- 2009
- 2007
- 2005
- 2004
- 2003
- 2002