Economics 9708 · AS & A Level · Maximum and minimum prices

Maximum and minimum prices — practice question

Which action used to reduce the misuse of monopoly power is an example of regulation?

  • Alegislation to forbid price fixing by cartels
  • Bremoval of import tariffs
  • Csubsidising small firms
  • Dtaxation of monopoly profits

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