Edexcel Economics: Unit 3 Business Economics and Economic Efficiency (June 2014) EC03

What happens if you didnt put an x in the box of the question you picked?

and what about the 16 mark question?

I spoke about predatory pricing and evaluated it as illegal, limit pricing and used kinked demand theory as evaluation, then spoke about non pricing strategies... advertisement, quality improvement and loyalty schemes and evaluated them as costly and because of interdependence other firms may follow suit and advertise so may not be effective bla bla bla

Don't worry, it doesn't matter, the examiners have to scan whole paper before marking anyway.

Think I forgot to do that as well.

What happens if you didnt put an x in the box of the question you picked?

i did collusion, predatory pricing, advertising and R&D for the q9 16 marker. would that be okay?
i swear you can't have loyalty cards for a pack of gum??

Don't worry haha, I've asked a guy on the examining team and he said its fine. I've never once ticked the x for unit 1 or 2 and I've actually never bothered to write my candidate number :P

It's easy to forget as you're more focused on finishing the paper in the time. Slipped out of my mind. At least I'll remember for unit 4.

What happens if you didnt put an x in the box of the question you picked?

it was something about supermarkets all selling bread at the same price and the answer was the action of one will afftect the actions of others as they are interdependant

Lol everyone kept saying interdependent and all I remembered was seeing independent.
Now I remember it was interdependent right at the end of the wording. Thanks, I got that answer..

Does any one else think the 1st MCQ was evil?

YES! In previous MCQs about vertical mergers they would have firms that deal with completely different (but obviously related) things such as coal mining to create steel, or say cotton farming to make clothes. MILK FOR MILK?! It just makes it much harder to distinguish and those who got the wrong answer don't necessarily know any less about mergers, we should get 3/4 marks I think :/
then again, maybe we deserve it for not reading it thoroughly enough

I thought you could only 2/4 if wrong answer.

yes you're right, I meant to say that in a just world the examiners would take pity and make an exception for this question. That will never happen of course :'D

Don't worry haha, I've asked a guy on the examining team and he said its fine. I've never once ticked the x for unit 1 or 2 and I've actually never bothered to write my candidate number :P