Economics Paper 2, Nov/Dec. 2012  
Questions: 1 2 3 4 5 6 7 8 9 10 11 12 Main
General Commsents
Question 6

(a)        In what four ways can a monopoly arise?                                         
            (b)        With the aid of a suitable diagram, explain how the monopolist
achieves equilibrium in the short run.


This question was avoided by most of the candidates, the very few who attempted it only provided answers for the (b) part of the question while the (a) part was left unanswered.  Candidates performance was generally poor for this question.        
The (a) part of the question required that candidates provide the following answers:

            (a)        (i)         sole ownership/control of raw material source;
                        (ii)        legislation;
(iii)       branded goods;

  1. patent right and copy right;
  2. combinations/mergers;
  3. small size of market.
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