A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2018 · Q121 Mark

An airline sells seats at $100 each three months before a flight, at $150 each one month before the flight and at $200 each the day before the flight. What describes this type of market behaviour by the firm? A limit pricing to deter entry in an imperfect market B price discrimination by a monopoly supplier C price leadership by an oligopolist D pricing where price equals average cost under perfect competition

Mark scheme

Marking points from the official mark scheme (May/June 2018). 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 2018 Paper 3 Variant 2, question 12.

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