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Mark Scheme (Results) Summer 2024 Pearson Edexcel GCE In Economics B (9EB0) Paper 1: Markets and how they work

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1(a) Knowledge/Understanding 1, Application 2 Analysis 1 Knowledge/Understanding: up to 1 mark for explaining a reason e.g. • It can gain economies of scale (1) Application: up to 2 marks are available for contextualised answers, e.g. • TUI can spread its fixed costs over more passengers (1) • TUI has lost market share to Jet2holidays and wants to be market leader (1) Analysis: Up to 1 mark available for developing the reason. • Reducing average costs could allow TUI to lower prices thereby gaining a competitive advantage over its rivals (1) (4)

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Institution
2024 Pearson Edexcel
Course
2024 Pearson Edexcel

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Mark Scheme (Results)


Summer 2024


Pearson Edexcel GCE
In Economics B (9EB0)
Paper 1: Markets and how they work

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November 2021
Question Paper Log Number 80957
Publications Code 9EB0_01_2406_MS
All the material in this publication is copyright
© Pearson Education Ltd 2021

, General Marking Guidance



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• Where some judgement is required, mark schemes will
provide the principles by which marks will be awarded
and exemplification may be limited.
• When examiners are in doubt regarding the application
of the mark scheme to a candidate’s response, the team
leader must be consulted.
• Crossed out work should be marked UNLESS the
candidate has replaced it with an alternative response.

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2024 Pearson Edexcel
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2024 Pearson Edexcel

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