Specification point 3.4.6 · Theme 3
Market structures · Business behaviour and the labour market
Questions tagged to this specification point
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Long-form evaluation and discussion
Evaluate the likely costs of a monopsony operating in a market such as book retailing.
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Questions built around exam extracts
Case study · Supermarket price war, food waste and possible mergers
With reference to Figure 2 and Extract A, discuss the possible impact of supermarket monopsony power on both food suppliers and consumers.
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Case study · Supermarket price war, food waste and possible mergers
Examine measures the government might use to restrict the monopsony power of supermarkets.
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Focused calculations, explanations and diagrams
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Quick checks of economic understanding
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