A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2017 · Q191 Mark

In the UK in 2015 the average wage was £26500 a year. At the same time, certain footballers were earning more than £150000 a week. Which aspect of the theory of wage determination is most likely to explain this wage differential?

(a)A aggressive wage bargaining by the professional footballers' trade union B the inclusion in wages of an element of economic rent C the monopsony structure of the market for professional footballers D the theory of net advantages[1]

Mark scheme

Marking points from the official mark scheme (Feb/Mar 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, Feb/Mar 2017 Paper 3 Variant 2, question 19.

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