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3.4 Market structures

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Question 29

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.

[15]
Markscheme

3.4 Market structures Questions

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

92 exam-style questions on Edexcel A A Level Economics 3.4 Market structures, covering 3.4.1 Efficiency, 3.4.2 Perfect competition, 3.4.3 Monopolistic competition, 3.4.4 Oligopoly, 3.4.5 Monopoly, 3.4.6 Monopsony, and 3.4.7 Contestability. Each one has a worked solution and a mark scheme showing where the marks go.

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