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A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2019 · Q131 Mark

Which characteristic would make it easier for firms in an industry to collude? A a large number of firms B homogenous products C low barriers to entry D rapid technological change

  1. (a)Which characteristic would make it easier for firms in an industry to collude? A a large number of firms B homogenous products C low barriers to entry D rapid technological change[1]

Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.

  1. [1] (Correct option is 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 2019 Paper 3 Variant 3, question 13.

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