Question Booklet

Section IV: Paragraph Answers - 20 marks
Based on the following questions, answer in the space provided in paragraph format.
Marks will be deducted for not using paragraph format. Answer as clearly as possible.
1. Comparing the ease to which a firm can enter or exit the market compare the different
types of market structure. Draw a line illustrating the types of market structure and show
from left to right how easy it is for a firm to enter or exit the market. Then give a real life
example of each type of market structure. (10 marks)
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