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Market power and market failure

Edexcel 9EB0T4-2aA-levelLesson packSubscription
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  • 11 questions
  • 39 marks
  • about 55 minutes
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Question types: multiple choice, short answer, fill the gap, true or false, matching.

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A firm holds significant power as the ONLY realistic buyer of a raw material from many small suppliers, allowing it to force down the price it pays them. What type of market power is this?

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About this resource

Edexcel Economics B (9EB0) Theme 4 'Making markets work' (Paper 1), Unit T4-2 'Market power, regulation and market failure' — spec ref 4.2.1. How market power can cause market failure (a misallocation of resources and a loss of the productive/allocative efficiency covered in Unit T4-1): cartels,…

21 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Hinge Check — What Does 'Squeeze' Mean Here?
  3. Market Power Causes Market Failure
  4. Hinge Check — What Is 'Market Failure' Here?
  5. Cartels, Collusion and Restrictive Practices
  6. Hinge Check — What Does Market Sharing Achieve?
  7. Natural Monopoly
  8. Hinge Check — Reading the Natural Monopoly Diagram
  9. Guided Practice — Cartel, Natural Monopoly, or Neither?
  10. Monopsony Power
  11. Hinge Check — Monopsony vs Monopoly
  12. Labour-Market Power — Both Sides
Unit bundleTheme 4 · Making markets work
Part of: Theme 4 · Making markets work: the whole unitEvery resource in the unit in one zip.

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