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Write your name here
Surname Other names
hamza
Centre Number
90005
Candidate Number
1124
Edexcel GCE
Advanced Unit 3: Business Economics and Economic Efficiency
Friday 29 January 2010 – Afternoon Time: 1 hour 30 minutes You do not need any other materials.

Economics

6EC03/01
Total Marks

Paper Reference

Instructions

black ink or • Usein the boxesball-point pen. page with your name, at the top of this • Fill number and candidate number. centre all in A and one • Answer thethe questionstheSection provided question from Section B. questions in spaces • Answermay be more space than you need. – there

Information

for • The total markeachthis paper is 72.shown in brackets The marks for question are • – use this as a guide as to how much time to spend on each question. Questions labelled with an • written communication willasterisk (*) are ones where the quality of your be assessed



– you should take particular care on these questions with your spelling, punctuation and grammar, as well as the clarity of expression. Calculators may be used.

Advice

Read carefully • Keep each questiontime. before you start to answer it. on the • Checkan eyeanswers if you have time at the end. • your

M36367A
©2010 Edexcel Limited.

*M36367A0132*

Turn over

1/1/1/1/1/1/

Section A: Answer all the questions in this section You should spend 35 minutes on this section. Use the data to support your answers where relevant. You may annotate and include diagrams in your answers. 17.7% 14.9% 12.6% 1 The following chart shows the percentage market shares of the US Airline Industry in 2006. 10.0% 9.2% US Airways, 7.7% United Airlines, 8.6% American 14.9% 7.7% Others, 19.3% Airlines, 17.7% 19.3% 100%

merican A nited Airli elta ontinenta orthwest outhwest S Airway thers

Delta, 12.6% Southwest, 8.6% Northwest, 9.2%

Continental, 10.0%

(Source: Adapted from ‘Up in the Air’ by David Jonas 31 March 2007 http://www.procurement.travel/news.php?cid=airline-procurement-strategy.Mar-07.31)

Which of the following can be deduced from the above information? A The four firm concentration ratio is 64.5 per cent B The US airline industry is monopolistically competitive C The US airline industry is highly concentrated D The US airline industry is a natural monopoly E There are low sunk costs in the US airline industry. Answer Explanation

(1)

(3)

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