Day: July 23, 2025

Accounting Multiple Choice Question – 23 July 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

apple devices books business coffee
Photo by Serpstat on Pexels.com

It is reported that two large listed companies recently colluded with each other to fix the price of a product they both sell in the UK market.

Collusion of this type is an example of market failure due to?

Select ONE answer:

  1. Inequality of resources
  2. External costs
  3. Market power
  4. Resource immobility

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. Not correct
  2. Not correct
  3. Correct == >    Collusion is an example of market power exerted by a few suppliers.
  4. Not correct

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.