(a)[4]
Explain what is meant by a positive statement and a normative statement and consider whether the first paragraph should be treated as positive or normative.
(b)[4]
Briefly describe what is meant by a cartel and explain why it is regarded as contrary to the public interest.
(c)[4]
Analyse what is meant by the statement that ‘there are efficiencies from scale when trading internationally’.
(d)[8]
The article is headed ‘Big is bad’. Discuss whether enough evidence is provided to support that statement.