Shoe-repair workshops in several nearby towns advertise their prices in the same local newspaper. Customers from across the area can take their shoes to whichever workshop they choose, although most use the one closest to home. Which option correctly explains whether the workshops are in the same market?
They are in separate markets, because each workshop trades from its own premises in a different town
They are in one market, because each workshop employs skilled workers to carry out the repairs
They are in one market, because they sell the same service to buyers who are able to reach any of them
They are in separate markets, because most customers only ever use the workshop closest to home
84 exam-style questions on AQA GCSE Economics 1.2 Resource allocation, covering 1.2.1a Markets, 1.2.1b Allocation of resources, 1.2.1c Factor and product markets, 1.2.2a Primary, secondary and tertiary sectors, 1.2.2b Goods and services, 1.2.3a Specialisation and the division of labour, 1.2.3b How and why producers specialise, and 1.2.3c Costs and benefits of the division of labour. Each one has a worked solution and a mark scheme showing where the marks go.