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1.5 Perfect competition, imperfectly competitive markets and monopoly

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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.

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Markscheme

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

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.

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