Explain how the data in Extract A show that the rural broadband provider, Rural Broadband Link (RBL), has exploited its monopoly market power.
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Average annual subscription fee per household (£) | 420 | 450 | 480 | 510 | 550 |
| Average infrastructure & network cost per subscriber (£) | 310 | 290 | 280 | 275 | 270 |
| Company operating profit per subscriber (£) | 20 | 60 | 90 | 120 | 160 |
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.