A-LevelEconomicsThe price system and the microeconomy9708/32 · Feb/Mar 2018 · Q31 Mark

In all market structures, what must firms equate to ensure allocative efficiency? A average cost and average revenue B average cost and marginal revenue C marginal cost and average revenue D marginal cost and marginal revenue

Mark scheme

Marking points from the official mark scheme (Feb/Mar 2018). The mark or mark type is shown in brackets.

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source: A-Level Economics, Feb/Mar 2018 Paper 3 Variant 2, question 3.

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