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

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    Can someone tell me whether its important to know the natural monopoly diagram?
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    (Original post by shankpink)
    Can someone tell me whether its important to know the natural monopoly diagram?
    Of course it is important. you have to draw the diagram, may be monopoly profit making diagram when writing about a monopolist making abnormal profit
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    [QUOTE=Edward Cullen;47776978]Of course it is important. you have to draw the diagram, may be monopoly profit making diagram when writing about a monopolist making abnormal profit[/Q

    Thanx. well then just monopoly diagram is just enough right rather than focusing on the exact natural monopoly diagram?
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    [QUOTE=shankpink;47776984]
    (Original post by Edward Cullen)
    Of course it is important. you have to draw the diagram, may be monopoly profit making diagram when writing about a monopolist making abnormal profit[/Q

    Thanx. well then just monopoly diagram is just enough right rather than focusing on the exact natural monopoly diagram?
    Yehh!! have you been revising well for the exam? which websites are you using for revising..??
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    Yehh!! have you been revising well for the exam? which websites are you using for revising..??


    yah i hav completed everything. its really useful to refer this website. i got many exam strategies
    http://econsguide.blogspot.com/search?q=unit+3
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    yah i have been revisiong all the pastpapers from june 2005 and then tutor2u sounds better. And certain websites got exam strategies
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    [QUOTE=Edward Cullen;47777011]
    (Original post by shankpink)
    Yehh!! have you been revising well for the exam? which websites are you using for revising..??



    yah i have been revisiong all the pastpapers from june 2005 and then tutor2u sounds better. And certain websites got exam strategies
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    sounds good! predictions for the exam? hope nothing related to PFI will come up. I hate all about regulations and PFI...
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    (Original post by Edward Cullen)
    sounds good! predictions for the exam? hope nothing related to PFI will come up. I hate all about regulations and PFI...
    yah even i hate that. i dont think it would be coming as it was already tested last june. how about ofwat regulations?
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    (Original post by shankpink)
    yah even i hate that. i dont think it would be coming as it was already tested last june. how about ofwat regulations?
    What the hell is that?! Is it in the specification?
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    (Original post by demhka)
    What the hell is that?! Is it in the specification?
    I have no idea but in pastpapers it had been questioned. So I doubt that. Its something like cc but related tu improve effieciency in the utilities which has natural monopoly
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    (Original post by Terk)
    Where do you get your notes from? Tutor2u doesnt have much on regulation tbh and that the only source I really use for notes, thanks.
    I use the Philip Allan book
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    (Original post by shankpink)
    yah even i hate that. i dont think it would be coming as it was already tested last june. how about ofwat regulations?
    I am pretty sure it will come up. My teacher told there is probability of questions relating to Competition commission and regulations...
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    for any one who wants notes of regulations...Why does the government intervene in markets to maintain competition.docx hope its useful...
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    (Original post by shankpink)
    Yehh!! have you been revising well for the exam? which websites are you using for revising..??


    yah i hav completed everything. its really useful to refer this website. i got many exam strategies
    http://econsguide.blogspot.com/search?q=unit+3
    (Original post by Edward Cullen)
    for any one who wants notes of regulations...Why does the government intervene in markets to maintain competition.docx hope its useful...
    Good notes guys What do you think is likely to come up/ predictions? Everyone is saying regulation??
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    (Original post by Guren)
    Good notes guys What do you think is likely to come up/ predictions? Everyone is saying regulation??
    Price discrimination could come up as a 12 marker I think. you should learn the diagrams for it I would say.
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    (Original post by aminkaram)
    Price discrimination could come up as a 12 marker I think. you should learn the diagrams for it I would say.
    Thanks, but that's just a normal costs and revenue diagram? What do they look like?
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    (Original post by Guren)
    Thanks, but that's just a normal costs and revenue diagram? What do they look like?
    No there's three separate diagrams which together show price discrimination. One for the elastic part of the market one for the inelastic part and one for the entire market.
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    (Original post by aminkaram)
    No there's three separate diagrams which together show price discrimination. One for the elastic part of the market one for the inelastic part and one for the entire market.
    Can you draw it on paint and upload it here or google images of what you mean?
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    (Original post by Guren)
    Can you draw it on paint and upload it here or google images of what you mean?
    There's different ways to show it. This is one:
    http://www.economicsonline.co.uk/Bus...nation-SNP.png
 
 
 
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