Economics 9708 · AS & A Level · 7.6

7.6 — practice question

(a)[3]

Which type of market structure is Unilever most likely to operate in? Explain your answer.

(b)[5]

Why might it be believed that there could be a conflict between Unilever’s stated objective and its policy on suppliers?

(c)[4]

GSK’s new drug was expensive to research and develop. Why would a company still carry out research and development (R&D) when it is so costly?

(d)[8]

Discuss whether the information provides enough evidence to conclude that the objective of Unilever and GSK is not that of profit maximisation.

Worked solution & mark scheme

This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: Award 1 mark for market economy/mixed economy/diversified market if a supporting reason is supplied.

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