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A-LevelEconomicsTheory of the FirmMay/June 2020Paper 3 Q91 Mark

An electronics firm, which began as a semiconductor firm making simple memory chips, has used continuous research and investment to emerge as an industry leader. In addition, it has applied its research in semiconductors to enter other markets including televisions and mobile phones.

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The correct answer is . This question tests the candidate's understanding of theory of the firm within the Economicssyllabus. The examiner's mark scheme requires...

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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...

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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) May/June 2020 examination, Paper 3 Variant 1. It tests the topic of Theory of the Firm and is worth 1 mark.

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