Question:
Does monopoly lead to a better outcome than perfect competition? Explain using diagrams where possible.
Length: 1000 words.
The essay will be marked on the basis of the following:
- Understanding of the subject matter covered in the assessment task
- Degree of analytical ability and critical insight using a range of sources and literature
- Level of comprehension of relevant academic literature and business economic application
- Presentation of data and analysis
- Structure, presentation of material and referencing
- Recommendations based upon findings
Grades in the higher end of the marking band are awarded for outstanding pieces of work that demonstrate a thorough understanding of the material covered in the assessment, an exceptional knowledge of relevant theory and rigorous application.