A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2018 · Q71 Mark

According to oligopoly theory, what is not likely to characterise the behaviour of firms in the industry? A matching any price cuts made by their rivals B matching any price rises made by their rivals C selling a range of similar but differentiated products D the ability to earn supernormal profit

Mark scheme

Marking points from the official mark scheme (Feb/Mar 2018). 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, Feb/Mar 2018 Paper 3 Variant 2, question 7.

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