A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2018 · Q121 Mark
What is the implication of a dominant oligopoly following a limit pricing policy?
- What is the implication of a dominant oligopoly following a limit pricing policy? A The industry will be restricted to a target number of firms. B The industry will contract as rival oligopolists are eliminated. C The oligopolist will achieve a satisficing level of profit. D The oligopolist will sacrifice short-term profit for long-term profit.[1]
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.
- [1] D
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