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1.5 Competitive and concentrated markets

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Question 16

Table 1 shows changes in four markets over five years.

MarketNumber of producersFour largest firms' combined shareCustomer switching
A8 to 665% to 72%Became harder
B3 to 582% to 65%Became easier
C12 to 1240% to 45%Unchanged
D5 to 470% to 78%Became easier

Using Table 1, which market shows the clearest overall movement towards greater competition?

[1]
A

Market A

B

Market B

C

Market C

D

Market D

Markscheme

1.5 Competitive and concentrated markets Questions

  1. GCSE
  2. /Economics
  3. /1.5 Competitive and concentrated markets

149 exam-style questions on AQA GCSE Economics 1.5 Competitive and concentrated markets, covering 1.5.1a The range of market structures, 1.5.1b Distinguishing between market structures, 1.5.2a Characteristics of a competitive market, 1.5.2b How producers operate in competitive markets, 1.5.2c The economic impact of competition, 1.5.3a Characteristics of a non-competitive market, 1.5.3b How producers operate in non-competitive markets, 1.5.3c Monopoly and oligopoly, 1.5.4a The labour market and wage determination, and 1.5.4b Gross and net pay. Each one has a worked solution and a mark scheme showing where the marks go.

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