There are more than 22,000 independent coffee shops in the UK, with approximately 65% of UK adults consuming coffee daily. In 2024, demand for artisanal coffee blends and unique cafe environments increased across the country. Independent specialty coffee shops operate in a monopolistically competitive market, similar to that for independent fitness trainers and local graphic designers.
Evaluate, using appropriate diagram(s), whether monopolistic competition in markets such as independent coffee shops benefits consumers.
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.