0455.3.8.2 — monopoly markets Characteristics, advantages and disadvantages of monopoly. Note: diagrams are not required.: past paper questions
Real questions on 0455.3.8.2 — monopoly markets characteristics, advantages and disadvantages of monopoly. note: diagrams are not required.
The newest 9 of 9 written questions. Open one to see it on the real paper.
- 0455/21 · May/June 2026 · Q1h[6]
Discuss whether or not Uruguay’s consumers would benefit from more of its markets becoming monopolies. Section B Answer any three questions. Each question is introduced by stimulus material. In your answers you may refer to the material and / or other examples that you have studied.
See it on the paper → - 0455/22 · May/June 2026 · Q4d[8]
Discuss whether or not a government should encourage clothes firms to merge.
See it on the paper → - 0455/11 · May/June 2024 · Q16[1]
What is likely to happen if a previously competitive market becomes a monopoly?
See it on the paper → - 0455/22 · May/June 2024 · Q2c[6]
how the closure of firms may harm consumers.
See it on the paper → - 0455/22 · October/November 2023 · Q3d[8]
whether or not having fewer firms in a market will benefit consumers.
See it on the paper → - 0455/22 · February/March 2022 · Q5d[8]
Discuss whether or not consumers would benefit from a firm becoming a monopoly.
See it on the paper → - 0455/22 · October/November 2021 · Q1c[2]
Explain one characteristic that suggests that Air India was a monopoly in 1994.
See it on the paper → - 0455/22 · February/March 2020 · Q3c[6]
Analyse the possible effects on consumers of a merger between two paper-producing firms.
See it on the paper → - 0455/11 · October/November 2019 · Q13[1]
What is characteristic of a monopoly market structure?
See it on the paper →
What examiners said
There were some strong answers which explored the question in depth. A number of these examined how consumers may experience changes in prices resulting from changes in costs arising from economies of scale and diseconomies of scale. They also explored how quality may be affected by the amount spent on research and development and how quantity, price and choice can be influenced by how a monopoly...
— Examiner report, February/March 2022, 0455/22 Q5(d) (Cambridge)
In the answer to this question, explanation was needed. The majority of candidates were able to identify from the stimulus material that Air India had 100 per cent of the market in 1984. Some went on, as required, to explain what this meant.
— Examiner report, October/November 2021, 0455/22 Q1(c) (Cambridge)
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