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Question 23M.3.HL.TZ0.v

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Date May 2023 Marks available [Maximum mark: 2] Reference code 23M.3.HL.TZ0.v
Level HL Paper 3 Time zone TZ0
Command term Define Question number v Adapted from N/A
v.
[Maximum mark: 2]
23M.3.HL.TZ0.v

Define the term market power.

[2]

Markscheme

Examiners report

Responses were generally good with candidates referring to the idea of price-setting ability. Weaker responses referred only to the ability to "influence" or to "control". 

Syllabus sections