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2 questions on Efficiency (Edexcel specification 3.4.1) from the A-Level Economics papers, 2018–2022. Every question links to the official mark scheme at the page its answer begins on.
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Tesla held an 82% market share of the electric vehicle market in the United States during the first half of 2020. Evaluate whether a monopoly is likely to operate efficiently. Refer to at least one monopoly of your choice.
One of two options in Section C — candidates answered this or the other.
In July 2016 Apple’s share of the UK market for smartphones was 38%. Evaluate whether such a high market share for one company is in the consumer interest. Use appropriate diagrammatic analysis in your answer.
One of two options in Section C — candidates answered this or the other.
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