: Pearson Edexcel past-paper questions pack
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Monopsony and contestable markets

Past-paper questions pack

Name
Class
Date set
Date due
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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 · 8 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · Paper 1 · Q6(d) · 10 marks · AO1=2,AO2=2,AO3=2,AO4=4
(d) With reference to the information provided, assess whether the market for video game development is contestable. (10)
2. June 2024 · Paper 1 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
8 Bytedance, which owns TikTok, has launched its own fragrance ‘Emotif’. The Beijing-based social media giant has already entered the food and drink markets. (Source adapted from: https://www.businessoffashion.com/news/china/ tiktoks-parent-company-enters-chinas-perfume-market/) Evaluate the level of contestability in the fragrance industry or another industry of your choice.
3. June 2023 · Paper 1 · Q5(b) · 4 marks · AO1=2,AO2=1,AO3=1
(b) Over 90% of nurses work in the public sector. Nurses in the public sector have experienced wage rises lower than those in the private sector over the past 10 years. (Source adapted from: https://www.nuffieldtrust.org.uk/resource/chart-of- the-week-real-terms-nhs-staff-pay-from-2010-to-2020) Using the information provided and the concept of monopsony, explain why nurses in the public sector have had lower wage rises than those in the private sector. (4)
4. June 2022 · Paper 1 · Q6(e) · 15 marks · AO1=3,AO2=3,AO3=3,AO4=6
(e) With reference to the information provided, discuss whether the coffee shop market is contestable. (15)
5. November 2021 · Paper 3 · Q1(d) · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
(d) Evaluate the microeconomic and macroeconomic factors which determine the number of firms in an industry. Refer to HCWs or another industry of your choice. (25)
6. October 2020 · Paper 1 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
8 ‘Amazon.com, the giant online retailer, has too much power.’ It uses its market power to put a squeeze on publishers, in effect driving down the prices it pays for books. If a publisher refuses, Amazon may take action by ‘delaying their delivery, raising their prices, and steering customers to other publishers’. (Source adapted from: https://www.nytimes.com) Evaluate the likely costs of a monopsony operating in a market such as book retailing.
7. June 2017 · Paper 1 · Q4(b) · 1 marks ·
(b) In India JCB has a strong brand image and a 50% share of the market for construction equipment. This means the construction equipment market in India is likely to have a low level of: (1) A concentration B contestability C private ownership D specialisation
8. June 2017 · Paper 1 · Q6(b) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(b) With reference to Figure 2 and Extract A, discuss the possible impact of supermarket monopsony power on both food suppliers and consumers. (12)

Mark schemes

1. June 2025 · Paper 1 · Q6(d)
Mark scheme June 2025 Paper 1 Q6(d)
2. June 2024 · Paper 1 · Q8
Mark scheme June 2024 Paper 1 Q8
3. June 2023 · Paper 1 · Q5(b)
Mark scheme June 2023 Paper 1 Q5(b)
4. June 2022 · Paper 1 · Q6(e)
Mark scheme June 2022 Paper 1 Q6(e)
5. November 2021 · Paper 3 · Q1(d)
Mark scheme November 2021 Paper 3 Q1(d)
6. October 2020 · Paper 1 · Q8
Mark scheme October 2020 Paper 1 Q8
7. June 2017 · Paper 1 · Q4(b)
Mark scheme June 2017 Paper 1 Q4(b)
8. June 2017 · Paper 1 · Q6(b)
Mark scheme June 2017 Paper 1 Q6(b)