Ocr a2 economics question Watch

Saf7
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Discuss whether the objective of firms in the transport
sector should always be that of profit maximisation. (20 MARKS)

how should this question be structured?
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gr8wizard10
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I do A2 AQA,

but arguments against would be:

-Exploitation of consumer surplus because of high prices
-Monopolistic power in the industry (Welfare loss)
-Not productive / Allocatively efficient

Arguments for:

-Potential to be Dynamically efficient
-Product / Process innovation
-Long term > charge lower prices, better service


Those are a few I could think of the top of my head, I wouldn't know how to structure a question for your exam board however.
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