: Pearson Edexcel past-paper questions pack
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Oligopoly

Past-paper questions pack

Name
Class
Date set
Date due
Score/ 150

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 · 17 parts · mark schemes follow the questions · www.economicsaleveltutor.com · Questions and mark schemes © Pearson Edexcel

1. June 2025 · Paper 3 · Q1(c) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(c) With reference to Figure 1 and Extract C, discuss whether supermarkets charging similar prices for petrol is evidence of collusion. Use game theory to support your answer. (12)
2. June 2024 · Paper 1 · Q5(a) · 4 marks · AO1=2,AO2=1,AO3=1
(a) With reference to the information on the preceding page, explain the market structure of mortgage lending in the UK. (4)
3. June 2024 · Paper 1 · Q5(b) · 1 marks ·
(b) The value of all mortgage loans was £1 601 billion at the end of 2020. Which one of the following is the value of Lloyds’ market share? (1) A £82 billion B £126 billion C £312 billion D £8 210 billion
4. June 2023 · Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=2,AO3=2
(a) With reference to Figure 1, explain the market structure that best describes the market for UK online streaming services. (5)
5. June 2023 · Paper 3 · Q2(c) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(c) Discuss possible methods of price and non‑price competition that firms could use to increase the value of sales on the high street. (12)
6. June 2022 · Paper 1 · Q4(a) · 4 marks · AO1=2,AO2=2
(a) Draw a simple two firm/two outcome game theory model to show why the chicken suppliers may have colluded. (4)
7. June 2022 · Paper 1 · Q4(b) · 1 marks · AO3=1
(b) Which one of the following is most closely associated with tacit collusion? (1) A Overt sharing of information B Predatory pricing C Price wars D Unspoken agreements
8. June 2022 · Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=2,AO3=2
(a) With reference to Figure 1, calculate the three-firm concentration ratio for branded coffee shop chains. (5)
9. 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)
10. 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.
11. June 2019 · Paper 1 · Q8 · 25 marks · AO1=4,AO2=4,AO3=8,AO4=9
8 In October 2017 Scania, the Volkswagen-owned truck maker, was fined €880 million (£771 million) by the European Commission for colluding with five other truck manufacturers over a 14-year period. The firms had agreed to coordinate prices after experiencing additional costs of meeting emission regulations. With reference to an industry of your choice, evaluate why some firms engage in collusive behaviour.
12. June 2019 · Paper 3 · Q1(a) · 5 marks · AO1=2,AO2=2,AO3=1
(a) With reference to Figure 1 and Extract A, explain what is meant by a ‘highly concentrated’ market for potato crisps (Extract A, lines 2–3). (5)
13. June 2019 · Paper 3 · Q1(c) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(c) In Extract A, lines 15–16, it was suggested that some firms may respond to the advertising ban by cutting the prices of their products. Using game theory and the information provided in Figure 1 and Extract A, discuss the effects on firms of cutting prices in an oligopolistic market. (12)
14. June 2018 · Paper 1 · Q5(c) · 2 marks · AO2=2
The following table shows global sales of PCs by company in 2015. Sales of PCs Company (million) Lenovo 57 182 HP 53 534 Dell 39 049 Apple 20 794 Acer Group 19 680 Others 86 461 Total 276 700 (Source: IDC, reported in The Times, 14th January 2016) (c) Calculate the five-firm concentration ratio. You are advised to show your working. (2)
15. June 2018 · Paper 3 · Q1(a) · 5 marks · AO1=2,AO2=2,AO3=1
(a) With reference to Figure 1, briefly explain the market structure that best describes the UK branded coffee shop market. (5)
16. June 2018 · Paper 3 · Q1(b) · 12 marks · AO1=2,AO2=2,AO3=4,AO4=4
(b) With reference to Figure 3 and other information provided, discuss the price and non-price strategies that Starbucks may use to increase profitability. (12)
17. June 2017 · Paper 1 · Q6(a) · 5 marks · AO1=1,AO2=1,AO3=3
(a) With reference to Figure 1 and Extract A, explain one likely reason for the change in the four-firm concentration ratio of the supermarket sector between 2010 and 2015. (5)

Mark schemes

1. June 2025 · Paper 3 · Q1(c)
Mark scheme June 2025 Paper 3 Q1(c)
2. June 2024 · Paper 1 · Q5(a)
Mark scheme June 2024 Paper 1 Q5(a)
3. June 2024 · Paper 1 · Q5(b)
Mark scheme June 2024 Paper 1 Q5(b)
4. June 2023 · Paper 1 · Q6(a)
Mark scheme June 2023 Paper 1 Q6(a)
5. June 2023 · Paper 3 · Q2(c)
Mark scheme June 2023 Paper 3 Q2(c)
6. June 2022 · Paper 1 · Q4(a)
Mark scheme June 2022 Paper 1 Q4(a)
7. June 2022 · Paper 1 · Q4(b)
Mark scheme June 2022 Paper 1 Q4(b)
8. June 2022 · Paper 1 · Q6(a)
Mark scheme June 2022 Paper 1 Q6(a)
9. November 2021 · Paper 1 · Q6(e)
Mark scheme November 2021 Paper 1 Q6(e)
10. November 2021 · Paper 1 · Q8
Mark scheme November 2021 Paper 1 Q8
11. June 2019 · Paper 1 · Q8
Mark scheme June 2019 Paper 1 Q8
12. June 2019 · Paper 3 · Q1(a)
Mark scheme June 2019 Paper 3 Q1(a)
13. June 2019 · Paper 3 · Q1(c)
Mark scheme June 2019 Paper 3 Q1(c)
14. June 2018 · Paper 1 · Q5(c)
Mark scheme June 2018 Paper 1 Q5(c)
15. June 2018 · Paper 3 · Q1(a)
Mark scheme June 2018 Paper 3 Q1(a)
16. June 2018 · Paper 3 · Q1(b)
Mark scheme June 2018 Paper 3 Q1(b)
17. June 2017 · Paper 1 · Q6(a)
Mark scheme June 2017 Paper 1 Q6(a)