AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.5.5 Oligopoly: Part 2
A-level only
Part 2 of oligopoly: the extra ideas AQA requires, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Structure or conduct?
- Interdependence and uncertainty
- The kinked demand curve
- Cooperation or collusion?
- What influences an oligopolist's decisions?
- Advantages and disadvantages
- Classic question: is oligopoly bad for consumers?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- How will rivals react?
- Costs change every quarter. Does the price?
- Cooperation, collusion or competition?
- Either side of the kink
- Judging oligopoly
- Build the chain
- Exam practice
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