A-LevelEconomicsTheory of the FirmMay/June 2019Paper 3 Q71 Mark
In many developed economies, large and small firms often exist side by side in the same industry. What is most likely to explain the survival of the small firms? A They each offer a much wider range of products. B They have a higher minimum efficient scale. C They pay much higher wages to their staff. D They provide a more personal level of consumer service.
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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