Economics 9708/42 Oct Nov 2021 | Cambridge AS Level Past Papers With Mark Scheme
The PDF file can be downloaded for reference. Key questions include:
1. Effect of super-airlines on concentration ratios, competition, and passenger outcomes.
2. Economies of scale and their role in cost reduction with examples and diagrams.
3. Contestable markets and benefits for passengers in the airline industry.
4. Market structure analysis for European airlines and competitive strategies.
5. Government intervention in market failure and its effectiveness.
6. Relevance of GDP as a living standards measure and policies addressing structural unemployment.

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