Economics 9708 · AS & A Level · 7.6

7.6 — practice question

Some firms in an industry decide to charge the same price. What could endanger the agreement continuing?

  • Adifferences in cost structures between firms
  • Bhomogeneity of the product
  • Cthe inclusion of the dominant firm in the industry
  • Dsignificant barriers to entry into the industry

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI