AQA A2 Economics Unit 3 (ECON3) 20th June 2016 OFFICIAL THREAD

Idk. If it makes you feel better I only did 6 lines on oligopoly as i ran out of time.

The question was asking why PC is seen as efficient.



Yes, there is no dynamic efficiency in the long or short run.

In section 2 essay 1 I only spoke about monopoly and its efficiency, consumer and producer surplus, branding and unique product,... Do you think I will fail that question because I only wrote about monopolies? or because monopolies is a way of concentrated market it would still be right?

I don't see why we were disagreeing then?

Is it because you think I should not have given reasons as to why perfect competition might not be productively efficient by saying how there would be no static efficiency from economies of scale, or dynamic efficiency due to a lack of supernormal profits?

Do you understand what I mean?

Do you think it was necessary to talk about the other types of efficiency even though it only talked about allocative efficiency? I didn't

The question was asking why PC is seen as efficient.

it was asking why it's allocatively efficient

The question was asking why PC is seen as efficient.

it was asking why it's allocatively efficient

Really depends how much you wrote tbh. I filled the answer booklet + an extra page.
As long as what you wrote was good, you should be fine. I'd definitely say not mentioning oligopoly was risky though. There's a reason it said 'and concentrated markets'

Rip. Can someone confirm this?

Well I think you won't lose many marks, maybe a few..but it did specify monopoly power, so I think it was more based on monopoly.


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Yep, but read my previous comment. Shouldn't be as rippy tbh.

Really depends how much you wrote tbh. I filled the answer booklet + an extra page.
As long as what you wrote was good, you should be fine. I'd definitely say not mentioning oligopoly was risky though. There's a reason it said 'and concentrated markets'

Im so certain it said ECONOMICALLY not allocatively though..

Yeah i know, I got very nervous and I messed up, but hopefully I will still pick up some marks since I wrote so much about it. Thank you

I really don't remember it as being remotely close to economically. I know I was fretting about writing two pages for that POS of a question as I knew it specified allocatively (so only in terms of people's wants being satisfied, not the minimization of average costs :/)

But then again, would you not say they'll give a lot of leeway in terms of things to be mentioned? As long as related, they should reward trains of thought... right?

Im so certain it said ECONOMICALLY not allocatively though..

It said allocatively not economically...

**** fam you got me worried now

Uhh you should have at least mentioned Productive and Allocative man

i mentioned all the efficiencies but didnt mention the LR OR SR

It said Monopoly power AND concentrated markets.
Why would it say concentrated markets if it only wanted you to mention oligopoly?
Either way, 95% of my essay was on Monopoly. Like i said, I only wrote like 6 lines on oligopoly.