Hey there! Sign in to join this conversationNew here? Join for free
    Offline

    1
    ReputationRep:
    (Original post by Dann_a)
    Agree with all apart from number 1
    Although there has been a lot of high value mergers/takeovers the CMA has yet to block any of them and it's also not mentioned in the case study so you don't have much supporting evidence to use even though the examiners want a balance between own knowledge and case study evidence
    Yeah, it's an unlikely but possible question. They could relate the question to the CMA as you can use the market shares of the companies and some fines that have been imposed on them, as well as takeovers and mergers especially with tobacco firms buying e-cigarette firms. Edexcel have become very unpredictable lately.
    Offline

    2
    ReputationRep:
    (Original post by ringo2810)
    If you want any help, I have some model answers and mark schemes to most of these question.
    Yes please I would really appreciate that actually if you don't mind?
    Offline

    0
    ReputationRep:
    (Original post by ringo2810)
    If you want any help, I have some model answers and mark schemes to most of these question.
    Could you pm me this please?
    Offline

    0
    ReputationRep:
    (Original post by ringo2810)
    Based on previous 20 and 30 marks, one of them has always been about Market Failure in the industry, i.e. Tobacco Industry. I have a few predictions about the 20 and 30 mark questions:

    1) Assess the effectiveness of competition authorities in correcting the market failure in the tobacco industry

    2) Discuss how command and control measures can be effective in reducing the market failure in the tobacco industry

    3) Assess whether the government was effective in correcting the market failure in the tobacco industry OR Evaluate the government's response to market failure in the tobacco industry

    4) Assess the view that e-cigarettes are merit goods (most likely a 20 mark question)

    5) Evaluate the extent to which regulation is needed in the tobacco industry

    6) Assess the effectiveness of taxation as a method for reducing smoking

    7) Evaluate how tobacco manufacturers might respond to the changing pattern of demand for cigarettes and e-cigarettes

    Just to point out, if the question is similar to question 3, focus mainly on government failure rather than market failure. You can state the market failures and what the government has done to correct it but always link back to whether the method was effective in the evaluation.

    Also, don't forget to write a conclusion at the end of the 20 and 30 marks.

    Could I have a model answer for question 2. This was not covered in class. Thanks
    Offline

    1
    ReputationRep:
    (Original post by EmilyImpossible)
    Yes please I would really appreciate that actually if you don't mind?
    Here are some of the model answers. First 3 pictures are for question 3 and 4.

    The last 5 pictures are 2 different model answers for question 2.

    I'll try and find model answers and mark schemes for some of the others.
    Attached Images
            
    Offline

    1
    ReputationRep:
    (Original post by econgov)
    Could you pm me this please?
    Sorry, I uploaded them instead. Do you still want me to PM you?

    (Original post by poojashah)
    Could I have a model answer for question 2. This was not covered in class. Thanks
    Last 5 pictures are 2 different model answers for Q2
    Offline

    2
    ReputationRep:
    Thanks, what's command and control? Is it basically the same as government intervention? And also do you have anything to do with the competition authority
    Offline

    1
    ReputationRep:
    (Original post by EmilyImpossible)
    Thanks, what's command and control? Is it basically the same as government intervention? And also do you have anything to do with the competition authority
    Command and control are any measures/government policies/bans used to control the consumption of a specific good, in this case tobacco. It is practically government intervention as the government implement these bans/policies.

    I'll try and find my 20 mark essay on the competition authority and post asap.
    Offline

    2
    ReputationRep:
    (Original post by ringo2810)
    Command and control are any measures/government policies/bans used to control the consumption of a specific good, in this case tobacco. It is practically government intervention as the government implement these bans/policies.

    I'll try and find my 20 mark essay on the competition authority and post asap.
    Thank you very much
    Offline

    1
    ReputationRep:
    (Original post by EmilyImpossible)
    Thank you very much
    Sorry for the delay, here is the 20 mark essay on the competition authorities. It can be a 20 or 30 mark question but it is most likely to be a 20 mark question. I did it as a 30 mark question, however if it was a 20 mark question you can ignore the third main paragraph.
    Attached Files
  1. File Type: docx Assess the effectiveness of competition authorities in correcting market failure in the tobacco.docx (13.6 KB, 132 views)
    Offline

    0
    ReputationRep:
    no need thank you very much! Will you just memorise the key points in the essays to prepare for the exam? and what are your predictions for the definitions?
    Offline

    2
    ReputationRep:
    do you have anything to do with how tobacco might respond to changing patterns in demand?
    Offline

    2
    ReputationRep:
    (Original post by ringo2810)
    Sorry for the delay, here is the 20 mark essay on the competition authorities. It can be a 20 or 30 mark question but it is most likely to be a 20 mark question. I did it as a 30 mark question, however if it was a 20 mark question you can ignore the third main paragraph.
    Thank you! do you have anything to do with how tobacco might respond to changing patterns in demand?
    • Thread Starter
    Offline

    2
    ReputationRep:
    (Original post by EmilyImpossible)
    do you have anything to do with how tobacco might respond to changing patterns in demand?
    This will most likely be about the shift in demand away from cigarettes towards e cigarettes rather than just within tobacco
    However within tobacco you could talk about consumers switching from straights to rollies as they are cheaper perhaps?
    Offline

    2
    ReputationRep:
    (Original post by Dann_a)
    This will most likely be about the shift in demand away from cigarettes towards e cigarettes rather than just within tobacco
    However within tobacco you could talk about consumers switching from straights to rollies as they are cheaper perhaps?
    true, and what will tobacco companies do to deal with this change in demand?
    Offline

    1
    ReputationRep:
    (Original post by EmilyImpossible)
    true, and what will tobacco companies do to deal with this change in demand?
    This would link perfectly with tobacco firms buying e-cigarette firms (Imperial Tobacco purchasing Blu E-Cig), and you could also talk about how they may begin to invest into producing rolling tobacco as the demand for that is increasing. Main thing would be linking it to e-cigarettes and how tobacco firms are entering the e-cig market.
    Offline

    0
    ReputationRep:
    (Original post by ringo2810)
    Command and control are any measures/government policies/bans used to control the consumption of a specific good, in this case tobacco. It is practically government intervention as the government implement these bans/policies.

    I'll try and find my 20 mark essay on the competition authority and post asap.
    Do you by any chance have the mark scheme for this question?

    4) Assess the view that e-cigarettes are merit goods
    Offline

    1
    ReputationRep:
    (Original post by econgov)
    Do you by any chance have the mark scheme for this question?

    4) Assess the view that e-cigarettes are merit goods
    The model answer is all I have for it (1st picture), sorry. I have my essay for it, if you want it.
    Offline

    2
    ReputationRep:
    (Original post by ringo2810)
    This would link perfectly with tobacco firms buying e-cigarette firms (Imperial Tobacco purchasing Blu E-Cig), and you could also talk about how they may begin to invest into producing rolling tobacco as the demand for that is increasing. Main thing would be linking it to e-cigarettes and how tobacco firms are entering the e-cig market.
    ah okay, is there anything to do with the takeovers in our evidence?
    Offline

    1
    ReputationRep:
    (Original post by EmilyImpossible)
    ah okay, is there anything to do with the takeovers in our evidence?
    The takeovers are wider knowledge, but the changing demand from cigarettes to e-cigs is in our pre-release, and the exam board expects us to have some wider knowledge about the tobacco industry.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Has a teacher ever helped you cheat?
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Write a reply...
    Reply
    Hide
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.