A-LevelEconomicsMarket Structures / Firm ObjectivesOct/Nov 2019Paper 3 Q101 Mark
The diagram shows the cost and revenue curves of a firm in a contestable market. cost, revenue P 1 P P2 P 3 P4 P 5 MR AC MC AR Ο Q1 Q5 Q2 Q3 Q4 quantity It is currently charging the profit-maximising price OP1. In order to deter entrants the firm decides to change its aim to sales maximising. What price will achieve this new aim? A OP2 B OP3 C OP4 OP5
✓ Correct Answer
The correct answer is —. This question tests the candidate's understanding of market structures / firm objectives 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