Economics 9708 · AS & A Level · 7.7

7.7 — practice question

(a)[12]

Explain why economies of scale may be important in an industry such as gas supply.

(b)[13]

Discuss whether energy-supplying companies are likely to function in contestable markets.

Worked solution & mark scheme

This 25-mark question has a full step-by-step worked solution and mark scheme.