Understanding Imperfect Competition
- Levels: A Level
- Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC
This short revision video provides an overview of three forms of imperfect competition, namely monopoly, oligopoly and imperfect competition. It considers too the likely impact of each market structure on allocative, productive and dynamic efficiency.
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- Economics
- Student videos
- Competition
- Monopolistic competition
- Monopoly
- Oligopoly
- Dynamic efficiency
- Economic Efficiency
- Allocative efficiency
- Productive efficiency
Geoff Riley
Geoff Riley FRSA has been teaching Economics for thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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