Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  3. Economics AQA
  5. Question bank

1.5 Perfect competition, imperfectly competitive markets and monopoly

EasyMediumHard
123456789101112131415161718192021222324
Question 17

Table 1: Global Market Share of Battery Electric Vehicle (BEV) Manufacturers by Shipment Volume, Q1 2024

Electric Vehicle ManufacturerGlobal Market Share (%)
Geely-Volvo7.6
BYD21.4
SAIC5.8
Tesla19.8
Volkswagen Group6.2
Others39.2

Using the data in Table 1, calculate the three-firm concentration ratio (CR3CR_3CR3​) for the global battery electric vehicle (BEV) market in Q1 2024. Show your workings.

[4]

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