Economics 0455 · IGCSE · Market structure

Market structure — practice question

Why do very large firms dominate the energy supply industry in many economies?

  • AGovernment controls prevent the exploitation of consumers.
  • BHigh fixed capital costs exist.
  • CLabour-intensive production techniques are used.
  • DNon-price advertising increases competition.

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