: Pearson Edexcel past-paper questions pack

Monopoly

Past-paper questions pack

Name
Class
Date set
Date due
Score	/ 149

Questions are numbered; the mark schemes (the answer key) follow on separate pages so the question pages can be handed out alone. www.economicsaleveltutor.com

Pearson Edexcel AS and A-level Economics past-paper questions since 2016 · 10 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2024 · Paper 1 · Q6(d) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4

(d) Discuss the likely concerns of the competition authorities regarding the proposed merger of the two companies referred to in Extract C. (12)

2. June 2023 · Paper 1 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6

(e) Using examples from Figure 2 or Extract B, discuss the likely impact of price discrimination on a firm’s profits. Use a relevant diagram to support your answer. (15)

3. June 2022 · Paper 1 · Q7 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

7 Tesla held an 82% market share of the electric vehicle market in the United States during the first half of 2020. (Source: adapted from https://electrek.co/2020/08/21/ tesla-holds-us-ev-market-losing-federal-tax-credit/) Evaluate whether a monopoly is likely to operate efficiently. Refer to at least one monopoly of your choice.

4. November 2021 · Paper 1 · Q3(a) · 4 marks · AO1=2,AO2=2

(a) Complete the third-degree price discrimination diagram below. Draw the impact on each sub-market by showing the price and profit. (4) Students (a) Non-students (b) Pricea Priceb AC = MC ARa ARb MRb MRa 0 0 Quantitya Quantityb of clothing of clothing

5. November 2021 · Paper 1 · Q3(b) · 1 marks · AO3=1

(b) Which one of the following is necessary for a firm to be able to practise price discrimination? (1) A It has some degree of market power B It is able to store its product C Its product has different features in different markets D The costs of supplying some customers are higher

6. November 2021 · Paper 1 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6

(e) With reference to the information provided, discuss the decision by Jet2 to increase its package holiday prices. (15)

7. November 2021 · Paper 1 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

8 In many industries, such as banking, health insurance, internet search engines, pharmaceuticals, social media and telecommunications, there have been increases in market concentration. Evaluate the possible consequences for business decision making of increased market concentration. Refer to industries of your choice in your answer.

8. October 2020 · Paper 1 · Q6(d) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4

(d) With reference to Extract A, paragraph 3, discuss whether the rail network can be considered to be a natural monopoly. (12)

9. October 2020 · Paper 1 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6

(e) Discuss the likely benefits of price discrimination to rail passengers. Use a diagram to support your answer. (15)

10. June 2018 · Paper 1 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9

8 In July 2016 Apple’s share of the UK market for smartphones was 38%. Evaluate whether such a high market share for one company is in the consumer interest. Use appropriate diagrammatic analysis in your answer.

Mark schemes

1. June 2024 · Paper 1 · Q6(d)

Mark scheme June 2024 Paper 1 Q6(d)

2. June 2023 · Paper 1 · Q6(e)

Mark scheme June 2023 Paper 1 Q6(e)

3. June 2022 · Paper 1 · Q7

Mark scheme June 2022 Paper 1 Q7

4. November 2021 · Paper 1 · Q3(a)

Mark scheme November 2021 Paper 1 Q3(a)

5. November 2021 · Paper 1 · Q3(b)

Mark scheme November 2021 Paper 1 Q3(b)

6. November 2021 · Paper 1 · Q6(e)

Mark scheme November 2021 Paper 1 Q6(e)

7. November 2021 · Paper 1 · Q8

Mark scheme November 2021 Paper 1 Q8

8. October 2020 · Paper 1 · Q6(d)

Mark scheme October 2020 Paper 1 Q6(d)

9. October 2020 · Paper 1 · Q6(e)

Mark scheme October 2020 Paper 1 Q6(e)

10. June 2018 · Paper 1 · Q8

Mark scheme June 2018 Paper 1 Q8