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1.5 Perfect competition, imperfectly competitive markets and monopoly

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Question 10

Context 1: The UK Mobile Network Sector

Extract C

Figure 1: Average monthly cost of a standard 15GB SIM-only mobile contract, January 2024

Mobile OperatorMonthly Cost (£)
Smarty£8.00
Giffgaff£10.00
Tesco Mobile£12.50
Three£15.00
Vodafone£18.00
O2£20.00
EE£22.00

Figure 2: Market shares in the UK mobile network sector, 2016–2024 (%)

YearEEO2VodafoneThreeMVNOs/Others
2016352821115
2018332720119
20203126191014
20222925181117
20242824171120

Explain how the data in Extract C (Figure 2) show that the UK mobile network sector is competitive.

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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