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Summary

Summary Econ a level (A GRADE)

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Detailed colour-coded summary notes Perfect for active recall & last minute revision Received a top level grade 9 (A**) revising these summary notes I created Please check out my other summary notes & specifically OCR ALevel R/S notes for more incredible revision notes to get your top grade ! :p Any questions, please don’t hesitate to ask :)

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Institution
PEARSON (PEARSON)
Module
Unit 3 - Business behaviour and the labour market (ECON)








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Study Level
A/AS Level
Examinator
PEARSON (PEARSON)
Subject
Economics A
Unit
Unit 3 - Business behaviour and the labour market (ECON)
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Uploaded on
December 27, 2025
Number of pages
3
Written in
2025/2026
Type
Summary

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Game theory




Price competition
-​ predatory pricing
-​ limit pricing
-​ price wars to raise market share
-​ price discrimination - higher prices for instore customers
-​ collusion
Non-price competition
-​ advertising (sales promotion - buy one get one free)
-​ loyalty cards
-​ product development
-​ mergers & acquisitions & takeovers

Price discrimination = when a firm charges different prices to different groups of consumers
for the same good or service and no changes in the costs of production

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