Sample Assessment

June 2010

1

Concentration Ratios

1

Monopoly Fine

2

Perfect Competition Diagram

2

Price Elasticity

3

Marginal Costs / Average Costs

3

Economies of Scale

4

Profit Maximisation

4

Satisficing

5

Price Discrimination

5

Sales Maximisation

6

Competition Commission

6

Competition Commission

7

Monopolistic Competition

7

Total, Average Revenue, Marginal Revenue

8

Sunk Costs

8

Efficiency in Market Structure

January 2011

June 2011

1

Competition Commission

1

Perfect Competition / Shut down point

2

Shut Down Point

2

Collusion

3

Revenue Maximisation / Pricing

3

Concentration Ratio

4

Profit and Costs

4

Mergers and integration

5

Regulation / Efficiency

5

Marginal Costs / Fixed Costs

6

Market Share

6

Profit Maximisation

7

Game Theory in Oligopoly

7

Monopolistic Competition

8

PPP

8

Regulation

January 2012

June 2012

1

Monopsony power of retailers

1

Horizontal integration

2

Shut Down point (car makers)

2

Perfect competition, supernormal profits

3

Revenue in perfect competition

3

Vertical integration and barriers to entry

4

Game Theory in Oligopoly

4

Short run marginal cost curve, diminishing returns

5

Conglomerate integration / takeover

5

Profit maximisation calculation

6

Monopolistic competition

6

Predatory pricing and competition

7

Changes in costs, impact on costs and profits

7

Game theory and breakdown of a cartel

8

Monopoly and Competition – welfare contrast

8

Private Finance Initiative