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Monopolistic competition

Monopolistic competition can be tested in multiple-choice, short-answer and essay questions. This column will help you to think about how to explain the topic and consider ways of analysing and evaluating the issues that could be developed in a longer answer

There are various ways in which the topic can be tested. Shorter questions, which test lower-order skills, could be asked like this:

• Explain the characteristics of monopolistic competition.

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Previous

Banks and interest rates

Next

A nudge in the right direction: the case of automatic enrolment

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