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Pearson Edexcel GCE A Level in Economics A (9EC0) Marking scheme

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Pearson Edexcel GCE A Level in Economics A (9EC0) Marking scheme 1(a) Knowledge 2, Application 2, Analysis 1 NB an answer which sees highly concentrated as having a large number of firms will not earn knowledge or analysis marks Knowledge and analysis: 3 marks for e.g. • Identification of high concentration - high market share of some firms (1) few large firms dominate (1) uncompetitive (1) • Identification of market structure - there is a legal monopoly (Walkers) OR oligopoly OR duopoly (1) • Firms can set prices (1) control output (1) / monopoly power (1) • Interdependent (1) • High barriers to entry/exit (1) low contestability (1) Application: 2 marks for data references e.g. • Walkers have over 50% of market share (1) • Use of concentration ratio e.g. 2 firm CR 78.0% (2), 3 firm CR 82.2% (2) • Extract A refers to ban making market more competitive (1) implying prices are currently uncompetitive/high (1) • Extract A – high levels of advertising (1) • common features: they tend to be dominated by a small number of firms that sell multiple brands and that heavily advertise their products (1) NB Concentration ratio calculation can be awarded as analysis or application Award a maximum of 1 application mark if there is no reference to Figure 1 or Extract A

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Pearson Edexcel GCE A Level in Economics
A (9EC0)




Mark Scheme (Results)

Summer 2019


Pearson Edexcel GCE A Level
in Economics A (9EC0)

Paper 03 Microeconomics and Macroeconomics

,Pearson Edexcel GCE A Level in Economics
A (9EC0)

,Pearson Edexcel GCE A Level in Economics
A (9EC0)
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Summer 2019
Publications Code 9EC0_03_1906_MS
All the material in this publication is copyright
© Pearson Education Ltd 2019

, Pearson Edexcel GCE A Level in Economics
A (9EC0)
General marking guidance
 All candidates must receive the same treatment. Examiners must
mark the last candidate in exactly the same way as they mark the first.
 Mark schemes should be applied positively. Candidates must be
rewarded for what they have shown they can do rather than be penalised for
omissions.
 Examiners should mark according to the mark scheme – not according to
their perception of where the grade boundaries may lie.
 All the marks on the mark scheme are designed to be awarded.
Examiners should always award full marks if deserved, i.e. if the answer
matches the mark scheme. Examiners should also be prepared to award zero
marks if the candidate’s response is not worthy of credit according to the mark
scheme.
 Where some judgement is required, mark schemes will provide the
principles by which marks will be awarded and exemplification/indicative content
will not be exhaustive.
 When examiners are in doubt regarding the application of the mark
scheme to a candidate’s response, a senior examiner must be consulted before
a mark is given.
 Crossed-out work should be marked unless the candidate has replaced it
with an alternative response.

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