A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2017 · Q171 Mark
A state-owned concern is privatised as a monopoly.
- 17What would increase the likelihood of its achieving productive efficiency? A an absence of barriers to entry B the need for capital representing a high sunk cost C the existence of significant economies of scale D variable costs forming a small proportion of total cost[1]
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.
- [1] A
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