'Although traditional economic models assume perfect information and zero barriers to entry, the rise of the digital platform economy has fundamentally transformed market structures.'
Discuss whether recent developments in digital technology, such as big data, algorithmic pricing, and online marketplaces, are making markets more closely resemble perfect competition or whether they are instead increasing monopoly power.
156 exam-style questions on AQA A Level Economics 1.4 Production, costs and revenue, covering 1.4.1 Production and productivity, 1.4.2 Specialisation, division of labour and exchange, 1.4.3 The law of diminishing returns and returns to scale (A-level only), 1.4.4 Costs of production, 1.4.5 Economies and diseconomies of scale, 1.4.6 Marginal, average and total revenue, 1.4.7 Profit, and 1.4.8 Technological change (A-level only). Each one has a worked solution and a mark scheme showing where the marks go.