WASSCE Economics · Markets, Demand & Supply
Market Structures
Perfect competition, monopoly, monopolistic competition, and oligopoly — features and comparisons.
- lessons
- 2
- of study
- 15 min
- free to read
- 1
Across the topic: 11 sections · 2 worked examples · 3 diagrams
Topic content
Lessons in this topic
2 lessons · 15 min
- 1Perfect competition7 minFree7 minFree
- 2Monopoly, monopolistic competition and oligopoly8 min Plan8 min Plan
- Monopoly
- Monopolistic competition
- Oligopoly
- Comparing the four structures
1 worked example · 2 diagrams
Learn market structures step by step
Unlock both lessons on market structures, plus every other WASSCE Economics topic, exam-style practice marked instantly and guided learning tools.
- Free account, no card needed
- Everything from 25 NLe
- No automatic renewal
More in Markets, Demand & Supply
All Economics topics- 01DemandMeaning of demand, the demand schedule, the demand curve, and factors that shift demand.1What demand is and the law of demandFree2Determinants of demand, shifts and types of demand7 min 2 lessons 14 min
- 02SupplyMeaning of supply, the supply schedule, the supply curve, and factors that shift supply.1What supply is and the law of supplyFree2Determinants of supply, shifts and types of supply7 min 2 lessons 14 min
- 03Price Determination and Market EquilibriumHow demand and supply together determine price, equilibrium, and the effect of price controls.1Equilibrium price, surpluses and shortagesFree2Shifts in equilibrium and price controls9 min 2 lessons 15 min
- 04Elasticity of Demand and SupplyPrice, income, and cross elasticity — how to calculate them and what they mean for producers and government.1Price elasticity of demandFree2Income, cross and supply elasticity; uses of elasticity8 min 2 lessons 15 min