Production, Costs & Revenue (AQA A Level Economics): Exam Questions

Exam code: 7136

26 mins12 questions
1
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15 marks

In the United States, corporate profits since 2010 have averaged 9% of GDP, compared to 5% in the 1990s. This is causing concern that the US economy is increasingly dominated by companies with monopoly power

Explain the role of profit in a market economy