ECONS

errrm... jus in case ppl forget? and go to smb and oops it's been taken down or something yada yada...

MATH LECTURE TEST ON FRIDAY OH NOOOOOOO -runs around in horror-

"Dear C1 H2 Economics Students,

Below is the revised question one for the timed assignment (II) which
will be conducted during lecture on 28 Aug 2006 (Mon).

The second question is the same as the one printed in the Monop
tutorials.

Economics Unit

Question One
TYS Nov 2002
In the UK, train tickets may be obtained more cheaply if they are
bought in advance. In August 2000 the railway companies jointly
announced that these cheap tickets would be available only at major
stations. Passengers living near smaller stations would, therefore,
have to pay the full cost of the ticket.
(a) Explain what is meant by price discrimination and discuss
whether this is an example of price discrimination. [10]
(b) Identify the type of market structure that enables companies to
practise price discrimination, and discuss whether that market
structure is ever beneficial to consumers. [15]

Question Two
TYS N1998
In August 1996, for what was thought to be the first time in the
African sub-continent, a private company was contracted by the
government to manage electricity distribution in Northern Namibia.

(a) Explain why governments throughout the world have been involved
in the supply of services such as electricity. [12]
(b) Discuss on the policies that governments can use to regulate
these companies. [13]"