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NotesEconomicsTopic 2.11
Unit 2 · Microeconomics · Topic 2.11

IB Economics — Market failure: market power

How market power can reduce efficiency; role of competition policy and regulation.

Exam technique guidePractice questions

What you'll learn in Topic 2.11

  • 2.11.1 What is market power?
  • 2.11.2 Consequences and policy responses
Suggested study order: Read the notes for each sub-topic below → test yourself with flashcards → attempt practice questions → review exam technique.

Study resources — 2.11 Market failure: market power

2.11.1

What is market power?

Notes
2.11.2

Consequences and policy responses

Notes

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Topic 2.11 Market failure: market power forms a core part of Unit 2: Microeconomics in IB Economics. Mastering these concepts will strengthen your understanding of connected topics across the syllabus and prepare you for exam questions that require analysis, evaluation, and real-world application.

Frequently asked questions

What does Topic 2.11 Market failure: market power cover in IB Business Management?
Topic 2.11 covers market failure: market power as part of the IB BM syllabus. Students learn key business concepts, tools, and frameworks that are assessed in Paper 1 (case study) and Paper 2 (structured questions).
How should I revise Market failure: market power for IB Business Management exams?
Start with the micro-topic notes to build understanding, then use flashcards for key terms and formulas. Practise applying concepts to case study scenarios and review how marks are allocated in IB mark schemes.
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