A-LevelEconomicsThe price system and the microeconomy9708/31 · May/June 2020 · Q111 Mark

When will a cartel find it most difficult to fix the market price of its product?

(a)proportion of firms in the industry that are members of the cartel | barriers of entry into the industry --- | --- A high | high B high | low C low | high D low | low[1]

Mark scheme

Marking points from the official mark scheme (May/June 2020). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2020 Paper 3 Variant 1, question 11.

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