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Pearson Edexcel International · IGCSE · Economics

Market Structures: Competition and Monopoly
Practice Questions

40 Pearson Edexcel International IGCSE Economics questions on Market Structures: Competition and Monopoly, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Market Structures: Competition and Monopoly.

Try 2 sample questions on Market Structures: Competition and Monopoly

Question 1 · 1 mark · Difficulty 1/3

What is a concentration ratio?

  1. The total number of firms in a market
  2. The ratio of a firm's profit to its sales
  3. The share of imports in total spending
  4. The combined market share of the largest few firms
Show answer & explanation
✓ Answer: D — The combined market share of the largest few firms
Award 1 mark. A concentration ratio adds up the market shares of the biggest firms, for example the top four, to show how dominated a market is. It is not a count of firms, a profit margin, or a measure of imports.
Question 2 · 1 mark · Difficulty 1/3

Which of these is a possible benefit of a monopoly?

  1. Large profits can fund research and development
  2. Consumers can choose between many suppliers
  3. Prices are set by consumers rather than firms
  4. Firms face strong pressure to cut costs
Show answer & explanation
✓ Answer: A — Large profits can fund research and development
Award 1 mark. A monopoly's high profits can pay for research, new products and large-scale investment that small firms could not afford. A monopoly offers no choice of supplier, it sets prices itself, and it faces little pressure to cut costs.
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Pearson Edexcel International IGCSE Economics: Market Structures: Competition and Monopoly FAQ

Is Kramizo free for Pearson Edexcel International IGCSE students preparing for Economics?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Market Structures: Competition and Monopoly practice with other Economics topics or even switch to a totally different Pearson Edexcel International subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Market Structures: Competition and Monopoly questions aligned to the official Pearson Edexcel International IGCSE Economics syllabus?
Every question is written against the published Pearson Edexcel International IGCSE Economics specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real Pearson Edexcel International paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from Pearson Edexcel International.
How is Market Structures: Competition and Monopoly typically tested on Pearson Edexcel International IGCSE Economics papers?
Market Structures: Competition and Monopoly appears across multiple question types on real Pearson Edexcel International IGCSE Economics papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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