Cambridge International (CAIE) · 7 The price system and the microeconomy (A Level) · 7.6 Different market structures

Cambridge International (CAIE) Economics past paper questions: Different market structures

Every Cambridge International (CAIE) question on Different market structures from 2023 to 2025: 5 essays, 1 data response question and 15 multiple choice questions. It covers 7.5 Types of cost, revenue and profit, short-run and long-run production, 7.3 Efficiency and market failure, 7.8 Differing objectives and policies of firms, 7.7 Growth and survival of firms and 11.5 Relationship between countries at different levels of development. Each question links to its paper, mark scheme and examiner report.

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Subtopics7.5 Types of cost, revenue and profit, short-run and long-run production 37.3 Efficiency and market failure 27.8 Differing objectives and policies of firms 17.7 Growth and survival of firms 111.5 Relationship between countries at different levels of development 1

Essay questions on different market structures

Data response questions on different market structures

Multiple choice questions

  1. A-level Paper 3, November 2025, Q4

    A firm has very high fixed costs but low marginal costs of production. It experiences continuous economies of scale so that the minimum efficient scale is not reached until the firm is very large in relation to total market demand. In…

  2. A-level Paper 3, June 2025, Q6

    What would enable a firm to increase its market share in a monopolistically competitive market?

  3. A-level Paper 3, March 2025, Q3

    What is likely to prevent the development of an effective cartel in an industry?

  4. A-level Paper 3, November 2024, Q5

    The table shows the market shares of firms selling a very similar product in a country between 2018 and 2020. What can be concluded from the data between the two years?

  5. A-level Paper 3, November 2024, Q9

    Firm X is considering whether to co-operate with its rival so that their joint profit is $4000 a month ($2000 each). It calculated that, if it did not co-operate, its own profit would be $2800 a month provided it kept all its customers…

  6. A-level Paper 3, June 2024, Q5

    Assuming the absence of price controls, in which industry is an individual firm least likely to be able to alter the price at which it sells its product?

  7. A-level Paper 3, June 2024, Q9

    A market structure in which a small number of firms face competition from potential entrants. What does this describe?

  8. A-level Paper 3, March 2024, Q7

    In which market structure is dynamic efficiency least likely to occur?

  9. A-level Paper 3, March 2024, Q10

    There are two firms in an industry. Firm X faces a choice. It can either act independently or work with its rival. If it acts independently its profit could be $900 a week but it could be only $400 a week depending on what its rival does…

  10. A-level Paper 3, November 2023, Q4

    The merger of two large firms in the Singapore market supplying taxis and private hire vehicles resulted in a single firm with 80% of the market. The remaining 20% of the market consisted of thousands of independent taxi drivers. Which…

  11. A-level Paper 3, November 2023, Q5

    The diagram shows the cost and revenue curves of a profit-maximising, monopolistically competitive firm in long-run equilibrium. Which statement correctly describes the performance of this firm?

  12. A-level Paper 3, November 2023, Q7

    A firm operating in the airline industry uses third degree price discrimination. Which condition is most likely to allow this to happen?

  13. A-level Paper 3, June 2023, Q3

    What is not necessary for successful price discrimination?

  14. A-level Paper 3, June 2023, Q10

    A government increases the protection that patents offer to inventors of new products and processes. Which barriers to entry into an industry are higher as a result of this increase?

  15. A-level Paper 3, March 2023, Q6

    What is achieved in monopolistic competition in the long run?

Question text is quoted from the question papers, © Cambridge University Press & Assessment (UCLES), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.