A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2019 · Q91 Mark
A monopoly firm makes only normal profit in the long run.
- What is most likely to explain this? A The firm has decreasing long-run average costs. B The firm is a public company with numerous shareholders. C The firm is owned by a small number of financial institutions. D The market in this industry is highly contestable.[1]
Mark scheme
Marking points from the official mark scheme (Feb/Mar 2019). The mark or mark type is shown in brackets.
- [1] D
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