Activities
Elasticity, barriers to entry and oligopoly
The growth of TikTok as a digital advertising medium is a striking feature of the social media market. TikTok, Twitter, Snapchat, Meta, and YouTube are the dominant providers in the growing market for...
Activities
Demerit goods
Plenty of politicians have their eyes on the harmful consequences of online gaming. There are stories of gamers playing for such continuously long time periods they wear diapers to avoid pauses in play....
Activities
Business objectives and monopoly power
Questions Markscheme answers On Monday 25 April 2022 Elon Musk agreed to pay $44 billion for the social media company, Twitter. The takeover will take Twitter from a Public Limited Company which is listed...
Activities
Market demand and supply
Like so many goods in this inflationary period, there has been a significant increase in the price of luxury items over the last 12 months. An example of this is Champagne which has increased in price...
Activities
Asymmetric information and monopolistic competition
Buying and selling guitars Questions Answers Denmark Street in London is in the heart of the City’s West End and has an iconic history as part of Britain’s music scene. The street's music connection dates...
Activities
The price mechanism
The world price of natural gas has increased from $2.50 per unit to $5.60 per unit over the last 12 months – an increase of 124%. Like a price ‘spike’ in most markets, the cause of the increase in price...
Activities
Market failure, externalities and policy
With record-breaking high temperatures affecting much of Western Europe, North America and China there is rising demand for goods that can keep people cool whether it is fans, window blinds or swimming...
Activities
The signalling, incentive and rationing functions of price
Policy responses to rising energy prices In response to the rising price of gas in the last 12 months in Europe, governments across the continent have put into place a series of policy interventions...
Activities
Demand theory
The last week of November is one of the most significant periods in the year for retail spending. Black Friday (the Friday following the Thanksgiving holiday) is a calendar date that is synonymous with...
Activities
The sharing economy
This page can be used as an extension exercise on the role of government intervention within an economy. This lesson is an extension activity on the marketplace and examines a relatively new market that...