👑Market Structures and Competition  Essays

Explain the advantages to a firm of a horizontal merger.

Explain how market failure might occur in the oil industry.

Discuss whether or not a monopoly will charge high prices.

Discuss whether or not an economy benefits from firms which are monopolies.

Discuss whether or not consumers benefit from a competitive market.

Analyse the possible effects on consumers of a merger between two paper-producing firms.

Discuss whether people would prefer to buy a product from a small firm or a large firm.

Explain the advantages a business organisation may gain from becoming a public limited company. ➡️1 mark each for each of two advantages identified:

Explain how monopoly differs from perfect competition.

Discuss whether or not small firms are likely to survive in the long run.