Competition and Consumer Welfare (Essay Technique Video)
- Levels: A Level, IB
- Exam boards: Edexcel, OCR, IB, Eduqas, WJEC
Here is an essay plan using the PECAN PIE technique for developing an answer to this question: "Neo-classical theory of competition implies that more firms in a market is the only way to improve outcomes for consumers”. With reference to examples, to what extent do you agree? (25 marks)
The slides from this revision video can be viewed here:
- Economics
- Exam technique advice
- Economic Efficiency
- Contestable Markets
- Sunk cost
- Economic welfare
- Welfare economics
- Monopolistic competition
- Supernormal profit
- Oligopoly
- Collusion
Geoff Riley
Geoff Riley FRSA has been teaching Economics for thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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