Economics and Firms
Micro Economic Essays
These are some suggested micro economic essays. The essays are from different exam boards. In practise they ask similar questions so they will be helpful whatever your exam board. There are different ways to answer questions. But, all these answers contain enough material to get the top grade. Whenever the question requires evaluation, the essay contains the necessary critical distance. On the last page, there are some general tips for evaluation. Note: These essays are for revision purposes giving suggestions for how to answer questions. Don’t try to pass them off as your own work. For more micro economic help. See also the Economics Revision Guide available at www.economicshelp.org/
Copyright © T.Pettinger 2011. All Rights Reserved (For single use license only)
www.economicshelp.org
Micro Economic Essays
Market
Structure 1. Discuss how firms within an oligopolistic market compete. 2. Discuss whether monopoly is always an undesirable form of market structure. 3. Explain how interdependence and uncertainty affect the behaviour of firms in Oligopolistic markets 4. Evaluate the view that only producers, and not consumers, benefit when oligopolistic firms collude to try to reduce the uncertainty they experience. 5. Explain why contestable markets generally function more efficiently than noncontestable markets. 6. Explain various barriers to entry to a market and how these barriers might affect market structure. 7. In the past, utility industries such as the postal service, electricity and gas, have been heavily protected by entry barriers. Evaluate the possible effects on efficiency and resource allocation of removing these barriers. 8. Explain the meaning of price discrimination and the conditions necessary for price discrimination. 9. Evaluate the view that, because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination. 10. Evaluate different ways in which
These are some suggested micro economic essays. The essays are from different exam boards. In practise they ask similar questions so they will be helpful whatever your exam board. There are different ways to answer questions. But, all these answers contain enough material to get the top grade. Whenever the question requires evaluation, the essay contains the necessary critical distance. On the last page, there are some general tips for evaluation. Note: These essays are for revision purposes giving suggestions for how to answer questions. Don’t try to pass them off as your own work. For more micro economic help. See also the Economics Revision Guide available at www.economicshelp.org/
Copyright © T.Pettinger 2011. All Rights Reserved (For single use license only)
www.economicshelp.org
Micro Economic Essays
Market
Structure 1. Discuss how firms within an oligopolistic market compete. 2. Discuss whether monopoly is always an undesirable form of market structure. 3. Explain how interdependence and uncertainty affect the behaviour of firms in Oligopolistic markets 4. Evaluate the view that only producers, and not consumers, benefit when oligopolistic firms collude to try to reduce the uncertainty they experience. 5. Explain why contestable markets generally function more efficiently than noncontestable markets. 6. Explain various barriers to entry to a market and how these barriers might affect market structure. 7. In the past, utility industries such as the postal service, electricity and gas, have been heavily protected by entry barriers. Evaluate the possible effects on efficiency and resource allocation of removing these barriers. 8. Explain the meaning of price discrimination and the conditions necessary for price discrimination. 9. Evaluate the view that, because price discrimination enables firms to make more profit, firms, but not consumers, benefit from price discrimination. 10. Evaluate different ways in which