Economics B A-Level
Market concentration
What Market concentration means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Market concentration
Check what you remember
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Reference: Pearson Edexcel
An economic feature assessed by interpreting a calculated ratio or fraction within the context of the provided data.
Topics that use Market concentration
- Appendix 3: Quantitative skills (Pearson Edexcel A-Level)
Related terms
- Base year
- Cross elasticity of demand
- Data interpretation
- Fraction
- Income elasticity of demand
- Index numbers
- Inflation measurement
- Marginal cost
Using Market concentration in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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