Specification point 3.4.5 · Theme 3
Market structures · Business behaviour and the labour market
Questions tagged to this specification point
11 questions
Long-form evaluation and discussion
Evaluate whether a monopoly is likely to operate efficiently. Refer to at least one monopoly of your choice.
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Evaluate the possible consequences for business decision making of increased market concentration. Refer to industries of your choice in your answer.
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Evaluate whether such a high market share for one company is in the consumer interest. Use appropriate diagrammatic analysis in your answer.
Questions built around exam extracts
Case study · Digital markets
Discuss the likely benefits of mergers for firms such as Microsoft.
Case study · The electronics industry
Discuss the likely concerns of the competition authorities regarding the proposed merger of the two companies referred to in Extract C.
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Case study · The UK online streaming services market
Using examples from Figure 2 or Extract B, discuss the likely impact of price discrimination on a firm’s profits. Use a relevant diagram to support your answer.
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Case study · The UK Rail Industry
With reference to Extract A, paragraph 3, discuss whether the rail network can be considered to be a natural monopoly.
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Case study · The UK Rail Industry
Discuss the likely benefits of price discrimination to rail passengers. Use a diagram to support your answer.
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Focused calculations, explanations and diagrams
Complete the third-degree price discrimination diagram below. Draw the impact on each sub-market by showing the price and profit.
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Quick checks of economic understanding
Which one of the following is necessary for a firm to be able to practise price discrimination?
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In India JCB has a strong brand image and a 50% share of the market for construction equipment. This means the construction equipment market in India is likely to have a low level of:
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