DP Economics
Question 20N.3.HL.TZ0.1e
| Date | November 2020 | Marks available | [Maximum mark: 4] | Reference code | 20N.3.HL.TZ0.1e |
| Level | HL | Paper | 3 | Time zone | TZ0 |
| Command term | Explain | Question number | e | Adapted from | N/A |
e.
[Maximum mark: 4]
20N.3.HL.TZ0.1e
(e)
Explain two reasons why a monopoly may be considered desirable for an economy.
[4]
Markscheme
Examiners report
Most candidates identified "economies of scale" and "abnormal profit allows for more R&D" as relevant points. Weaker students neglected to explain why these may be desirable ie how society (rather than the firm itself) may benefit from these factors. Candidates who described natural monopoly tended to neglect to explain how/why it might be desirable.
