[Tateco]

(Original post by 8Dom5)
One thing that I've noticed about the oligopoly 15 marker is that many people have talked about how interdependence and uncertainty affect oligopolistic firms. Wasn't the question on why the firms would be affected by them? (Or I did I read the question completely wrong?)

I thought it was WHY does interdependence and uncertainty affect the sales of firms in an oligopoly, which is similar to HOW does interdependence and uncertainty affect oligopolies.

[lilly0000]

(Original post by Blaze008)
i think ur mistaking the part b 10marker and part c 25!
the part b was on property rights. definition and how pollution and resource depletion could be made worse without property rights

Yeahhh I know what the 10 marker was it was a bit tricky but im talking about the 25 marker why is everyone saying they discussed how to reduce externalities I talked about the effects on businesses like out sourcing higher prices ... fraud etc

[SM94]

(Original post by lilly0000)
Yeahhh I know what the 10 marker was it was a bit tricky but im talking about the 25 marker why is everyone saying they discussed how to reduce externalities I talked about the effects on businesses like out sourcing higher prices ... fraud etc

yeah think you're right, the question asked what the effects of the policies would have on businesses not what the policies did

[Super Mario 64]

Did anyone do the poverty question? Redistribution of income and supply side policies?

For redistributing income I basically said the UK does this through progressive taxation/welfare benefits
supply side policies I did education/training

Aside from all the evaluation that went into it, would concentrating on these 2 points alone be enough?

I have a feeling I should have mentioned some other sort of supply side policy..

[Super Mario 64]

Also for the 15 mark oligopoly one, what did everyone put?

For interdependence I basically did the kinked demand curve and explained all that.
Uncertainty I put collusion, game theory, incentive to cheat therefore most effective outcome is to lower prices when price-fix agreement is established..

[Hazst]

I did the poverty data response..On the 25 marker I talked about welfare benefits, welfare benefit reform, tax reform and minimum wage and evaluated saying it would help with poverty in the short run but be expensive & contradict with government plans to reduce the budget deficit, then talked about education & training working well but mainly in the long term.. Is this stuff all correct?

Also I feel like i really cocked up the 10 marker in section A and 15 marker in section B (I did the 1st question on section B) I had absolutely no idea how a firm could achieve diminishing returns in the short run and economies of scale in the long run - could someone explain?

[8Dom5]

(Original post by Tateco)
I thought it was WHY does interdependence and uncertainty affect the sales of firms in an oligopoly, which is similar to HOW does interdependence and uncertainty affect oligopolies.

You may be right. All I remember is "Explain why oligopolistic firms are affected by interdependence and uncertainty when selling their product."

[Super Mario 64]

(Original post by Hazst)
I did the poverty data response..On the 25 marker I talked about welfare benefits, welfare benefit reform, tax reform and minimum wage and evaluated saying it would help with poverty in the short run but be expensive & contradict with government plans to reduce the budget deficit, then talked about education & training working well but mainly in the long term.. Is this stuff all correct?

Also I feel like i really cocked up the 10 marker in section A and 15 marker in section B (I did the 1st question on section B) I had absolutely no idea how a firm could achieve diminishing returns in the short run and economies of scale in the long run - could someone explain?

I talked about all that too but not the minimum wage, didn't think it was necessary!

[Tateco]

(Original post by 8Dom5)
You may be right. All I remember is "Explain why oligopolistic firms are affected by interdependence and uncertainty when selling their product."

Who knows, either way I don't think you would be heavily penalised for thinking one or the other.

[pjp1993]

(Original post by hello1234567891234)
did anyone do CBA????

yeah I did CBA, the 15 marker was so straight forwards!

Then the 25 marker, I felt was just as easy. Evaluation was everywhere and I had loads to write about so I'm feeling good about it!
How did you find it?

[0123456789r]

Bump. ^^.

(Original post by 0123456789r)
Hi guys, I did the oligopoly question for the essay part and something has been worrying me. Well, for part (b), my first point was about Quangos (such as Ofgem) and how they seek to prevent collusion and my second was about the OFT and competition commission and how they seek to curb cartel-like behaviour.

My worry is that both my points relate to the same actions taken by oligopolists, namely collusion and if one were to be extremely particular it could be interpreted that both my policies are a subset of regulation- again the same kind of policy!

What are your views on this and do you think my essay would be seen as having only one point instead of two?? The Unit 3 mark scheme is ambiguous about how one point + evaluation would be scored. Btw my essay was filled with concrete examples and figures but evaluation in the last paragraph was somewhat pathetic as I was rushing towards the end though I did do a brief evaluation at the end of each point as well.

Thanks for reading this awfully long post, and again I'd appreciate some comments. Good luck for your other papers!

[j.w.d]

i was wondering ... i did the CBA question ... i used the extract as some of my advantages improve product and labour market ... people wont loose out of profits and workers gain their wages and etc if they incorparated the snow machine in the UK at bad weathers .. and transportantion wont be delayed ... is that okai??

[Tateco]

(Original post by 0123456789r)
Bump. ^^.

It could be interpreted in that way, but it depends how you've written. As Ofgem is a specific regulatory body for a specific industry while the CC is a nationwide body. They have completely different roles, but it may be interpreted as just regulation, when you could have talked about other ways of 'controlling' oligopolies for example through deregulation associated with contestable market theory. Hopefully you won't be punished too much, though.

[0123456789r]

(Original post by Tateco)
It could be interpreted in that way, but it depends how you've written. As Ofgem is a specific regulatory body for a specific industry while the CC is a nationwide body. They have completely different roles, but it may be interpreted as just regulation, when you could have talked about other ways of 'controlling' oligopolies for example through deregulation associated with contestable market theory. Hopefully you won't be punished too much, though.

Thanks for your reply, very informative and balanced! Yea, I hope so too!

[Tateco]

(Original post by 0123456789r)
Thanks for your reply, very informative and balanced! Yea, I hope so too!

Lets hope my essays for this paper were also informative and balanced Good luck with the rest of your exams

[hello1234567891234]

(Original post by pjp1993)
yeah I did CBA, the 15 marker was so straight forwards!

Then the 25 marker, I felt was just as easy. Evaluation was everywhere and I had loads to write about so I'm feeling good about it!
How did you find it?

what did you write for the 15 marker??? :P

[Aimo_1]

On context 1 with the Kyoto Protocol e.t.c

Effects on UK businesses....

I didn't really go much into detail about the effects on UK businesses apart from obvious points of efficiency/taxes/regulations and permits...My evaluation I felt was strong as I evaluated each policy and why they would fail. Not only this but to consider the need for investment in renewable energy e.t.c.
What sort of mark would I be looking at considering my answer doesn't fully tackle the question although I feel my evaluation is strong?

85 UMS last year so only need to average 75 over 3+4..

Think I've done really bad on Unit3, need to step it up for unit 4

[SM94]

(Original post by Aimo_1)
On context 1 with the Kyoto Protocol e.t.c

Effects on UK businesses....

I didn't really go much into detail about the effects on UK businesses apart from obvious points of efficiency/taxes/regulations and permits...My evaluation I felt was strong as I evaluated each policy and why they would fail. Not only this but to consider the need for investment in renewable energy e.t.c.
What sort of mark would I be looking at considering my answer doesn't fully tackle the question although I feel my evaluation is strong?

85 UMS last year so only need to average 75 over 3+4..

Think I've done really bad on Unit3, need to step it up for unit 4

probably about 15 if it doesn't answer the question, my teacher is an aqa examiner aswell and always says the maximum is around 15 if it isn't focused on the question

[Aimo_1]

That's not bad, I'll take it. What sort of points were we looking for for the 10 marker previous?

[0123456789r]

(Original post by Tateco)
Lets hope my essays for this paper were also informative and balanced Good luck with the rest of your exams

Haha. You'll be fine, judging from the quality of your explanation. . Thanks, and you too!