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4 questions on Contestability (Edexcel specification 3.4.7) from the A-Level Economics papers, 2018–2024. Every question links to the official mark scheme at the page its answer begins on.
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Bytedance, which owns TikTok, has launched its own fragrance ‘Emotif’. The Beijing-based social media giant has already entered the food and drink markets. Evaluate the level of contestability in the fragrance industry or another industry of your choice.
One of two options in Section C — candidates answered this or the other.
With reference to the information provided, discuss whether the coffee shop market is contestable.
Evaluate the microeconomic and macroeconomic factors which determine the number of firms in an industry. Refer to HCWs or another industry of your choice.
One of two options in Section A — candidates answered this or the other.
With reference to Extract A, discuss the likely effectiveness of ‘measures to open up and increase competition’ in the UK energy market.
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