Market Structures — JAMB Economics Past Questions
Market Structures is one topic inside the JAMB Economics syllabus, and drilling it on its own is usually faster than revising the whole subject again. Below: which JAMB years have examined it, then real Market Structures questions with worked answers.
When JAMB examined Market Structures
Market Structures questions appear in our bank for the JAMB years below. This is taken from the questions themselves, not from a syllabus outline — so if a year is listed, this topic was genuinely examined that year.
A topic that keeps reappearing is a topic JAMB keeps testing. Newer years matter most, because question style drifts.
Try Market Structures questions
Real Economics questions tagged to Market Structures. The first is worked through completely so you can see how our explanations read — the rest you can attempt now and check inside the app.
One of the basic assumptions of monopoly is
- A A. perfect information of the market condition
- B B. ability to either control price or output
- C C. mobility of factors of production
- D D. large number of buyers and sellers
Answer: B
A monopoly assumes a single seller who controls price or output, with no close substitutes and barriers to entry.
A major assumption in a perfectly competitive market is that:
- A The quality of products remains the same
- B Prices will always remain constant
- C The number of buyers and sellers is small
- D Individuals cannot influence prices
Answer and full explanation are inside the app.
Check the answerThe market form in which there is only one producer is called:
- A Monopsony
- B Oligopoly
- C Monopoly
- D Duopoly
Answer and full explanation are inside the app.
Check the answerOther Economics topics
Drill Market Structures until it stops costing you marks
Filter Economics practice to Market Structures alone, work through it with worked explanations, and let the analytics show you when it has actually stuck. Free to start.
Market Structures in JAMB Economics: common questions
Are Market Structures questions free?
Yes. Create a free account and every Economics question tagged to Market Structures is available with a worked explanation. Past questions are not paywalled.
Is Market Structures really examined?
Yes. Market Structures appears in our bank across 6 JAMB years, taken from the questions themselves rather than a syllabus outline.
Can I practise Market Structures on its own?
Yes. JambUp lets you filter Economics questions to a single topic, so you can drill Market Structures until it stops costing you marks, then move on to the next weak area.