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The spectrum of competition

Edexcel 9EB0T4-1aA-levelLesson packSubscription
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  • 11 questions
  • 41 marks
  • about 50 minutes
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Question types: short answer, multiple choice, matching, fill the gap, true or false.

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Which of the following correctly lists the four market structures in order from MOST competitive to LEAST competitive?

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About this resource

Edexcel Economics B (9EB0) Theme 4 'Making markets work' (Paper 1), Unit T4-1 'Competition and market power' — spec ref 4.1.1. The characteristics of monopoly, oligopoly, imperfect (monopolistic) competition and perfect competition along the spectrum of competition; the assumptions of the perfect…

19 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Hinge Check — What Does 'Market Power' Mean?
  3. Meet the Four Market Structures
  4. Hinge Check — Many Firms, But Still Market Power?
  5. The Perfect Competition Model — Five Assumptions
  6. Guided Practice — Matching the Assumptions
  7. The Limitations of the Perfect Competition Model
  8. Hinge Check — Does Perfect Competition Actually Exist?
  9. Impact on Pricing Power and Consumers
  10. Hinge Check — Consumer Impact
  11. Main Activity (Part 1) — Place Each Business on the Spectrum
  12. Main Activity (Part 2) — Apply It: GlowBrew vs JavaMax
Unit bundleTheme 4 · Making markets work
Part of: Theme 4 · Making markets work: the whole unitEvery resource in the unit in one zip.

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