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A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2018 · Q101 Mark

What makes it likely that firms will collude in setting prices for a particular product? A a highly contestable market structure B a small number of firms with economies of scale C persistent shortages of the product being supplied D the existence of patent rights possessed by firms

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2018). The mark or mark type is shown in brackets.

  1. [1] B

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, Oct/Nov 2018 Paper 3 Variant 3, question 10.

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