AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.8.7 Competition Policy
A-level only
Everything you need for questions on competition policy, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Why intervene?
- Control of mergers
- Controlling monopolies
- A price cap on a diagram
- Promoting competition and protecting others
- Classic question: should the government block a merger between two large firms?
- Competition law: cartels, abuse of dominance and how the rules are enforced
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Price cap: how low should it go?
- What is the government trying to do?
- Set X for a water company
- Regulation trainer
- Mergers and ownership
- Build the chain
- Exam practice
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