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A-LevelEconomicsMarket StructuresMay/June 2020Paper 3 Q41 Mark

Four bus companies control more than two-thirds of the market in a country. Critics claim that these companies fix prices on some routes to maximise revenue whilst lowering prices on other routes to stop smaller competitors entering the market.

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The correct answer is . This question tests the candidate's understanding of market structures 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 2. It tests the topic of Market Structures and is worth 1 mark.

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