Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    0
    ReputationRep:
    ‘While some economic theories become dated, the theory of perfect competition
    has become more realistic over time.’
    Discuss whether technological developments, such as the internet, are making
    markets more competitive and making perfect competition theory more realistic.
    (25 marks)

    I am so bad at answering 25 mark questions I can't figure out an easy structure to follow, trying to do a little revision but I end up going blank whenever I see the '(25 marks)' if someone is able to help I will be very grapefruit
    Offline

    8
    ReputationRep:
    You can use the mark scheme to help you structure the essay. You can use the firm/industry diagram in perfect competition and try to look at characteristics of perfect competition that can be achieved with the Internet (lower barriers to entry, better knowledge...)
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    What's your favourite Christmas sweets?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.