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2.5 Competition

2.5 Competition

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Question 1

Three firms supply 88% of the household broadband market in Lydon. Large networks allow these firms to provide national coverage, but consumer complaints about prices and switching difficulties have increased. Evaluate whether consumers are likely to benefit from this oligopoly.

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Markscheme

2.5 Competition Questions

  1. GCSE
  2. /Economics
  3. /2.5 Competition

28 exam-style questions on OCR GCSE Economics 2.5 Competition, covering 2.5.1 Why producers compete, 2.5.2 How competition affects price, 2.5.3 Economic impact of competition, and 2.5.4 Monopoly and oligopoly. Each one has a worked solution and a mark scheme showing where the marks go.

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