A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2014 · Q131 Mark

Which combination of changes would enable the price mechanism to allocate resources more efficiently in a monopoly market?

Adecrease | decrease

Bdecrease | increase

Cincrease | decrease

Dincrease | increase

✓ Correct answer

C: increase | decrease

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Topic: The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 13.

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