Edexcel International · Unit 3: Business behaviour · 3.5 Oligopoly and monopolistic competition
Edexcel International Economics past paper questions: Oligopoly and monopolistic competition
Every Edexcel International question on Oligopoly and monopolistic competition from 2020 to 2024: 7 essays and 4 data response questions. Each question links to its paper, mark scheme and examiner report.
Essay questions on oligopoly and monopolistic competition
Evaluate the benefits of collusion in a market of your choice. Illustrate your answer with a simple game theory model.
Evaluate the likely effects of collusion on businesses and consumers in an industry of your choice. Illustrate your answer with reference to game theory.
With reference to an industry of your choice, evaluate the likely disadvantages for a business operating in an oligopolistic market structure. Illustrate your answer with a payoff matrix diagram.
Evaluate the use of non-price and price competition in oligopolistic markets. Illustrate your answer with an appropriate diagram(s).
Evaluate the possible benefits of collusive behaviour between firms. Use a simple game theory model in your answer.
Evaluate the disadvantages of an oligopolistic market for producers and consumers. Refer to an industry of your choice in your answer. Illustrate your answer with an appropriate diagram(s).
To what extent would a perfectly competitive market be more efficient than a monopolistically competitive market? Illustrate your answer with an appropriate diagram(s).
Data response questions on oligopoly and monopolistic competition
Case study: Size of businesses and labour markets in Bangladesh
With reference to Figure 1 and Extract A, explain what is meant by the term 'monopolistic competition'.
Case study: The food delivery market
With reference to the information provided, discuss the strategies used by food delivery businesses to increase their market shares. Refer to game theory analysis in your answer.
Case study: The Indian mobile phone market
With reference to Extract C, Figure 2 and your own knowledge, discuss the benefits of non-price competition for consumers and businesses in the Indian smartphone industry.
Case study: The Chinese car market
With reference to Extract A and Extract B and your own knowledge, discuss the types of non-price competition that could be used by car manufacturers to increase the sales of cars.
Question text is quoted from the question papers, © Pearson Edexcel, for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.