§-Quick questions
QLDEconomicsUnit 1: Markets and models
Quick questions on Market structures and the role of the ACCC (QCE Economics Unit 1)
5short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What are the four market structures?Show answer
Market structures lie on a spectrum from most to least competitive.
What is supermarket inquiry?Show answer
The ACCC investigated Coles and Woolworths after complaints about pricing, supplier relations and grocery affordability. Recommendations included:
What is merger reform?Show answer
Mandatory pre-notification of large mergers (over $50 million turnover) from 1 January 2026, replacing the voluntary regime. ACCC has stronger powers to block anti-competitive mergers.
What is digital platforms inquiry?Show answer
Five interim reports (2019-2024) addressing the market power of Google, Meta and Amazon. Proposed mandatory codes of conduct and competition rules.
What is energy market review?Show answer
The ACCC monitors retail electricity competition and gas markets. Default Market Offer caps and price disclosure rules introduced after the 2018 inquiry.
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