Dear Upper Sixth
This essay to be handed to me during your first lesson next week.
Evaluate the effect a degree of monopoly power might have on economic welfare and efficiency. (16)
Success criteria:
This essay to be handed to me during your first lesson next week.
Evaluate the effect a degree of monopoly power might have on economic welfare and efficiency. (16)
Success criteria:
- uses Google as an example
- uses another example from a different industry
- answer is illustrated with an appropriate diagram
- KAA and EVAL marks evenly split
- 3 KAA points and 3 EVAL points
- contains the phrases - "deadweight loss" ; "cross-subsidisation" ; "globally competitive"
2 comments:
Sir, would you refer to Oligopolies as it says "a degree of monopoly power" ?
No. This is an essay on monopolies, so you need to find an example of a firm which dominates a market. Oligopoly is when a few firms dominate the market. Thanks for the question, Anonymous.
Post a Comment