Over the last decade, sectors such as grocery retailing, video streaming platforms, commercial aviation, smartphone operating systems, and grain processing have experienced rising levels of market concentration.
Evaluate the likely consequences of increased market concentration for the pricing and non-pricing decisions of firms. Refer to industries of your choice in your answer.
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.