Edexcel International · Unit 3: Business behaviour · 3.4 Perfect competition and monopoly

Edexcel International Economics past paper questions: Perfect competition and monopoly

Every Edexcel International question on Perfect competition and monopoly from 2020 to 2025: 5 essays, 5 data response questions and 6 multiple choice questions. Each question links to its paper, mark scheme and examiner report.

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Essay questions on perfect competition and monopoly

A-level Unit 3, June 2025, Q9OptionalEvaluate20 marks

Evaluate the benefits of a natural monopoly supplying a product or service in an industry of your choice. Illustrate your answer with an appropriate diagram(s).

Question paper p.16 Mark scheme p.14 Examiner report p.4 Open in the tool Draw it: natural monopoly diagram

A-level Unit 3, October 2023, Q8OptionalEvaluate20 marks

Evaluate policies that a government could use to control and regulate monopolies, such as PTCL. Illustrate your answer with an appropriate diagram(s).

Question paper p.16 Mark scheme p.15 Examiner report p.7 Open in the tool Draw it: monopoly diagram Or: natural monopoly diagram

A-level Unit 3, January 2022, Q9OptionalEvaluate20 marks

Evaluate methods that a government could use to control monopoly behaviour. Illustrate your answer with an appropriate diagram(s).

Question paper p.16 Mark scheme p.15 Examiner report p.4 Open in the tool Draw it: monopoly diagram Or: natural monopoly diagram

A-level Unit 3, October 2021, Q9OptionalEvaluate20 marks

For an industry of your choice, to what extent is a monopoly market structure inefficient? Illustrate your answer with an appropriate diagram(s).

Question paper p.16 Mark scheme p.18 Examiner report p.4 Open in the tool Draw it: monopoly diagram Or: perfect competition diagram

A-level Unit 3, January 2020, Q9OptionalEvaluate20 marks

Evaluate the likely benefits of a monopoly to its consumers. Illustrate your answer with an appropriate diagram(s).

Question paper p.16 Mark scheme p.15 Examiner report p.7 Open in the tool Draw it: monopoly diagram

Data response questions on perfect competition and monopoly

A-level Unit 3, June 2024, Q7(e)Discuss14 marks

Case study: The global fashion retail market

With reference to Extract C, Figure 2 and your own knowledge, discuss the likely barriers to entry for a business wishing to enter the global fashion retail market.

Question paper p.6 Mark scheme p.9 Examiner report p.4 Open in the tool

A-level Unit 3, January 2024, Q7(e)Discuss14 marks

Case study: Size of businesses and labour markets in Bangladesh

With reference to Extract A and your own knowledge, discuss the likely effects of Government policies on the productive efficiency of SMEs.

Question paper p.6 Mark scheme p.9 Examiner report p.3 Open in the tool Practise the cost curves diagram

A-level Unit 3, January 2023, Q7(c)Analyse6 marks

Case study: The UK energy market

With reference to Figure 2 and Extract A, analyse two barriers to entry that might prevent a new firm from entering the UK energy market.

Question paper p.6 Mark scheme p.8 Examiner report p.6 Open in the tool

A-level Unit 3, October 2021, Q7(d)Examine8 marks

Case study: The global coffee market

With reference to Extract B, examine two barriers to entry into the US coffee shop market.

Question paper p.11 Mark scheme p.10 Examiner report p.4 Open in the tool

A-level Unit 3, January 2020, Q7(e)Discuss14 marks

Case study: The electric car market

With reference to the information provided, discuss the significance of barriers to entry and exit in the electric car market for new entrants, such as Dyson.

Question paper p.12 Mark scheme p.10 Examiner report p.4 Open in the tool

Multiple choice questions

A-level Unit 3, October 2023, Q3
Which one of the following can be deduced from this information?
A-level Unit 3, June 2023, Q4
Which one of the following can be deduced from this diagram? Profits of the firm in the Number of firms in the industry short-run in the long-run
A-level Unit 3, January 2022, Q6
6 A small fruit farm in Namibia is operating in a perfectly competitive market. Which of the following is true for such a firm in long-run equilibrium? Allocative efficiency Profit
A-level Unit 3, June 2021, Q6
Which one of the following will apply to this firm?
A-level Unit 3, January 2021, Q5
Which one of the following is the most likely effect of this privatisation?
A-level Unit 3, October 2020, Q4
4 Which one of the following characteristics always applies to a highly contestable market?

Question text is quoted from the question papers, © Pearson Edexcel, 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.

Essay questions on perfect competition and monopoly

Data response questions on perfect competition and monopoly

Multiple choice questions

More Edexcel International topics: Business behaviour