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Monday 17 December 2012

Unit 3: Exam Question on Monopsony

The case study here is the UK supermarket industry, probably the best example we've got of a monopsony- with a 4-firm concentration ratio of 76%, and around 7,000 firms supplying food products to the industry.

Click here to access an interesting case study to create the material, and read and attempt the 3 questions in the style of Edexcel's unit 3 exam structure at the end.




P.S. Remember that Edexcel Unit 3 exams would also have an 8-mark question, but I couldn't think of anything else to ask about monopsonies so there's only 3 here!

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