A-LevelEconomicsThe price system and the microeconomy9708/31 · May/June 2017 · 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

Mark scheme

Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, May/June 2017 Paper 3 Variant 1, question 11.

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