What Essays did you do? I did Q4 myself: Analyse the effect of labour market failure on labour markets, and comment on how government intervention doesn't always correct labour market failure.
I was praying for this. Such a broad and open question.
I did the same, what were your points for the 15 marker, what examples did you use?
A monopoly is 100% market share, these were two firms in the market and so is an oligopoly/duopoly
it depends what definition of monopoly youre using, and as the question didnt state it being a pure monopoly you can just as well write for an ao2 point even that in the context of legal/dominant monopolies (25% and 40% of MS respectively) etc etc.
it depends what definition of monopoly youre using, and as the question didnt state it being a pure monopoly you can just as well write for an ao2 point even that in the context of legal/dominant monopolies (25% and 40% of MS respectively) etc etc.
I see where you're coming from but if it's a comment question surely it wants you to argue that it is a monopoly then argue that it isn't a monopoly maybe? Idk tbh, what did you right to counter the statement/evaluate?
I see where you're coming from but if it's a comment question surely it wants you to argue that it is a monopoly then argue that it isn't a monopoly maybe? Idk tbh, what did you right to counter the statement/evaluate?
yeah, counterarguments were
1) oligopolistic characteristics with BBC/ITV/Virgin and Setanta in previous years broadcasting sports
2) not a single supplier of the product
3) not impossible to enter the market so therefore not a monopoly as the high barriers to entry/exit are still penetrable
not great but i didnt revise for any of my exams apart from 3 hours before each one so had to fluff some stuff, you?