A-LevelEconomicsTheory of the Firm (Market Structures - Oligopoly)May/June 2017Paper 3 Q111 Mark
The dominant firm in an oligopoly sets up a research institute to carry out new product development. Which two features of oligopoly are present in this project? A creation of barriers to entry and collusion B creation of barriers to entry and non-price competition C non-price competition and price leadership D price leadership and collusion
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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