Extract B
Figure 1: UK online grocery delivery market shares by revenue, 2022
| Company | Share (%) |
|---|---|
| Tesco | 35.2% |
| Ocado | 18.5% |
| Sainsbury's | 15.0% |
| Asda | 14.1% |
| Morrisons | 9.2% |
| Others | 8.0% |
Figure 2: Operations employees and revenue per employee in the UK online grocery delivery market
| Year | Number of operations employees (000s) | Revenue per employee (£000s) |
|---|---|---|
| 2016 | 42 | 110 |
| 2017 | 44 | 115 |
| 2018 | 40 | 135 |
| 2019 | 38 | 155 |
| 2020 | 35 | 180 |
| 2021 | 32 | 210 |
| 2022 | 30 | 235 |
Explain how the data in Extract B (Figure 2) show that the UK online grocery delivery market is displaying dynamic efficiency.
136 exam-style questions on AQA A Level Economics 1.5 Perfect competition, imperfectly competitive markets and monopoly, covering 1.5.1 Market structures, 1.5.2 The objectives of firms, 1.5.3 Perfect competition, 1.5.4 Monopolistic competition (A-level only), 1.5.5 Oligopoly (A-level only), 1.5.6 Monopoly and monopoly power, 1.5.7 Price discrimination (A-level only), 1.5.8 The dynamics of competition and competitive market processes, 1.5.9 Contestable and non-contestable markets (A-level only), 1.5.10 Market structure, static efficiency, dynamic efficiency and resource allocation (A-level only), and 1.5.11 Consumer and producer surplus (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.