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1.5 Perfect competition, imperfectly competitive markets and monopoly

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Question 24

The following table shows the market shares of the leading firms in the mobile telecommunications market.

FirmMarket share (%)
Vodatel28
O-Two24
EE-Lectric18
Three-Mobile12
Lyca-Net8
Others (MVNOs)10

If Three-Mobile and Lyca-Net merge to form a single firm, what happens to the three-firm concentration ratio (CR3CR_3CR3​) and the five-firm concentration ratio (CR5CR_5CR5​)?

Falls / Rises

Rises / Rises

Falls / Falls

Rises / Falls

1.5 Perfect competition, imperfectly competitive markets and monopoly Questions

  1. A Level
  2. /Economics
  3. /1.5 Perfect competition, imperfectly competitive markets and monopoly