A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2017 · Q91 Mark

What is the defining characteristic of an oligopolistic industry?

9A contestability B large numbers of firms C mutual interdependence D price rigidity[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2017). 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, Oct/Nov 2017 Paper 3 Variant 3, question 9.

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