Economics 9708/43 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

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1. Understanding concentration ratios and their calculation, alongside their role in market structure analysis.
2. Exploring the handling of negative externalities and their costs, emphasizing regulatory gaps in producer and consumer accountability.
3. Examining the consequences of industry concentration on consumer welfare, such as wage suppression and unequal bargaining power.
4. Evaluating the efficiency of monopolies with economic theory and diagrams, considering their pros and cons in practice.
5. Assessing government advice on subsidy removal in education for allocative efficiency using theoretical models.
6. Exploring the relationship between increased productivity and standards of living in low-income countries and balancing fiscal policies for long-term benefits.