Perfect competition
Business Studies · Grade 11 · about 40 minutes
Describe the features of a perfectly competitive market.
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- 8 sections of explanation, worked examples and diagrams
- 1 practice task with hints and worked answers
- A quiz that marks itself as you go
- Your progress kept across every subject you take
Other lessons in this sub-strand
- The market and marketing
- Market competition and its importance
- Benefits of market competition
- Perfect competition
- Monopolistic competition
- Oligopoly
- Monopoly
- Comparing the four market structures
- Forms of uncompetitive market practices
- Effects of uncompetitive practices
- Collusion, cartels and price fixing
- Unethical promotion practices
- Using ICT to identify unethical promotion
- Preventing uncompetitive market practices
- Bodies that protect competition and consumers
- Eco-friendly packaging