Monopoly and monopolised markets
Answers are for parents and teachers.
1
Write one example of your own for each of the four market types.
Sample: pure competition – carrot sellers; monopolistic competition – cafes; oligopoly – a few large operators; monopoly – a single network.
2
A sole seller raised the price from 9 000 to 12 000 so‘m and sold 40 units. How many so‘m is the extra revenue?
120000
3
If 40 units are sold at 12 000 so‘m, what is the total revenue in so‘m?
480000
4
Why is it better for subscribers to have several mobile operators in a city rather than one?
Operators compete for subscribers: they make tariffs cheaper and improve signal quality and service, and subscribers can choose the one they like.