CIE A Level Topical Past Paper 2
7.8 Differing objectives and policies of firms
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Limit pricing may sometimes be used by a monopoly. It creates a barrier to entry which benefits consumers in the short run but increases costs to the consumer in the long run.
b) Discuss this statement. [13]
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b) Discuss the extent to which a firm’s ability to operate a policy of price discrimination is determined by the market structure in which that firm operates. [13]
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b) Discuss the significance of economies of scale for the survival of firms. [13]
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b) Discuss whether consumers or producers benefit more from the practice of price discrimination. [13]
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a) What costs ought a profit-maximising firm take into consideration when making decisions about price and output? [12]
b) ‘Price discrimination is always possible but never desirable.’ Do you agree with this opinion? [13]