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8 marksMarket Structure

CAPE Economics Unit 1 · 2016 · Paper 2 · Question 3(d)

Discuss, with the aid of the kinked demand curve (label elastic and inelastic portions), the pricing and output decision of the oligopolistic firm.

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Other parts of this question

  1. 3(a)Identify THREE goals of a firm.[3 marks]
  2. 3(b)(i)Explain the four firm concentration ratio as a measure of industrial concentration.[3 marks]
  3. 3(b)(ii)Explain the Herfindahl-Hirschman Index as a measure of industrial concentration.[3 marks]
  4. 3(c)(i)Outline TWO key features of the oligopolistic market structure.[4 marks]
  5. 3(c)(ii)Assess how any ONE of the two features mentioned in (c)(i) can influence the mobile phone industry.[4 marks]

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