Thursday, 18 October 2012

U6 HW : Monopoly Questions

Dear Upper Sixth

Please complete both questions by next lesson.

Read the source material here

Then answer these two questions:


Success criteria for 2nd question: prices, customer service, reliability, age of trains, punctuality all evaluated


5 comments:

Anonymous said...

how many marks are these questions worth sir so I know how much to write?

www.inspiringeconomics.life said...

First one is a diagram. Second one: write 3 paras all with evaluation

Anonymous said...

"There are 23 train operating companies serving more
than 2500 stations with over 70 types of fare on sale" - I'm fairly confused.. That doesn't sound like a monopoly to me but I'm probably wrong so could you enlighten me.. Thanks in advance.

Anonymous said...

There should be a question mark there, oops.

Anonymous said...

Ohhhhh - I've come back to the hmwk after some time and now realize that natural monopolies exist amongst the various different regions with operating train services.. I get it, no worries sir.