AQA Economics Paper 1- Markets and Market Failure (Tuesday 5th June)

Ngl I struggled with the whole paper 😂😩

For those that did the question 1 on banking, for the 25 marker on assessing whether the government should intervene to make the industry more competitive, did you talk about certain policies ie deregulation pros and cons, or just to intervene or not to intervene (leaving to market).

I found that hard:
I did the banking essay/oligopoly:
1- Defo didn't get the ratio question, I didn't even put it in a ratio I just got 38.6 or something like that
2- I didn't understand how to show normal profit in a oligopoly diagram and just drew a monopoly one
3- I shoved everything in the 25 marker, talked about how the market provides competition itself by backing up with extract A, then talked about diseconomies of scale, lack of efficiency, x-inefficiency, then shoved in collusion, cartel agreements and price rigidity
Essay 2
Did the market failure
1- I used negative externalities in production due to profit incentive and negative externality in consumption due to info failure
2- 25 marker didn't even talk about pollution permits or property rights just did regulation and taxation.
I shegged it