AP Microeconomics — Imperfect Competition

Imperfect Competition is the fourth of 6 units in the College Board's current AP MicroeconomicsCourse & Exam Description. It builds on Production, Cost, and the Perfect Competition Model and sets up Factor Markets.

Our Imperfect Competition set has 12 practice questions, each with a written explanation, a one-line key takeaway, and a rationale for every wrong choice — so you learn why the right answer is right and why each distractor is tempting. You can work them as a timed set or read the worked solutions straight through.