Global Economy

Saturday 4 December 2010

Year 13 Microeconomics: WHD

What How Depends
The "Big Six" gas and electricity suppliers are misbehaving again. Here is the story: Consumer Focus, a consumer protection group, has written to Ofgem to complain about confusing bills.
What is the market structure?
How are the firms achieving supernormal profits?
What does the success of Consumer Focus in bringing the firms to book depend on?

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