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3.4 Market structures

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Question 24

Figure 3: Price of a single high-speed rail journey, London to Paris, Friday 14th November 2025 08:30 hours

Passenger TypeTicket Price
Standard Adult£128.00
Youth Class (Under 26)£76.80

Using the data in Figure 3 and your economic knowledge, discuss the likely benefits of price discrimination to rail passengers. Use a diagram to support your answer.

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3.4 Market structures Questions

  1. A Level
  2. /Economics
  3. /3.4 Market structures