Case Study Info

Question 1

what’s an example of illegal overt collusion

Answer 1

LIBOR scandal
where banks within london colluded to fix the interbank lending rate

Question 2

what’s an example of overt collusion

Answer 2

OPEC - collusion over oil prices

Question 3

what’s an example of a firm being x-inefficient

Answer 3

Microsoft in the early 1990s

Question 4

what is an example of a price war

Answer 4

tesla in china with other electric cars
UK supermarkets with milk

Question 5

which merger was blocked in 2019 by the CMA

Answer 5

Asda and Sainsburys

Question 6

how much does air pollution cost as a negative externality

Answer 6

£40 million annual health and social care costs

Question 7

whats an example of an indirect tax to reduce consumption of a de-merit good

Answer 7

UK sugar tax

Question 8

how much have carbon emissions fallen by since the introduction of an ETS

Answer 8

21%

Question 9

whats an example of diseconomies of scale through culture clash

Answer 9

Kraft and Heinz merger

Question 10

whats an example of a monopoly

Answer 10

google with 92% of search engine market share

Question 11

whats an example of a natural monopoly

Answer 11

water companies in the UK
very high fixed costs of building and maintaining pipe infrastructure as well as water treatment infrastructure
regulated by Ofwat who use RPI-K

Question 12

how much was British Airways fined after Virgin Atlantic whistleblew

Answer 12

£540 million

Question 13

whats an example of monopoly regulation

Answer 13

energy price cap saving households up to £100 in 2021

Question 14

whats an example of privatisation

Answer 14

the Royal Mail in 2013

Question 15

what is the UK NMW

Answer 15

£10.42