A-LevelEconomicsMicroeconomics: Market StructuresMay/June 2018Paper 3 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
✓ Correct Answer
The correct answer is —. This question tests the candidate's understanding of microeconomics: market structures within the Economicssyllabus. The examiner's mark scheme requires...
📋 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep