The table below shows the market shares (by subscription revenue) of individual service providers in the European video streaming market in 2019 and 2023.
| Service Provider | 2019 Market Share (%) | 2023 Market Share (%) |
|---|---|---|
| NetStream | 35.4 | 22.8 |
| PrimeStream | 18.2 | 19.5 |
| CineStream | 4.1 | 16.4 |
| UKStream | 12.5 | 5.2 |
| AlpinePlayer | 10.8 | 11.1 |
| Others | 19.0 | 25.0 |
What has happened to the three-firm market concentration ratio (CR3CR_3CR3) in this market between 2019 and 2023?
Decreased by 18.6%18.6\%18.6%
Decreased by 7.4%7.4\%7.4%
Increased by 1.0%1.0\%1.0%
Increased by 7.4%7.4\%7.4%
42 exam-style questions on OCR A Level Economics Market structures, covering Perfect competition, Monopoly, Monopolistic competition, Oligopoly, and Contestable markets. Each one has a worked solution and a mark scheme showing where the marks go.