A-LevelEconomicsMarket Structures / OligopolyOct/Nov 2017Paper 3 Q131 Mark
What explains the kinked demand curve model of price rigidity in oligopoly? A collusion between all firms in the industry in the setting of prices B the assumption that a single firm acts as price leader for all firms in the industry C the individual firm's expectations about other firms' responses to its price changes D the presence of barriers to the entry of new firms into the industry
✓ Correct Answer
The correct answer is —. This question tests the candidate's understanding of market structures / oligopoly within the Economicssyllabus. The examiner's mark scheme requires...
📋 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep