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A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2019 · Q91 Mark

Which diagram accurately represents the revenue curves of a producer in imperfect competition? cost, revenue cost, revenue A cost, revenue TR B TR AR MR Ο Ο 50 100 50 100 MR AR quantity quantity C cost, revenue TR D TR AR MR Ο Ο 50100 MR quantity 50 100 AR quantity

  1. (a)Which diagram accurately represents the revenue curves of a producer in imperfect competition? cost, revenue cost, revenue A cost, revenue TR B TR AR MR Ο Ο 50 100 50 100 MR AR quantity quantity C cost, revenue TR D TR AR MR Ο Ο 50100 MR quantity 50 100 AR quantity[1]

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Mark scheme

Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.

  1. [1] (Correct option is A)

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, Oct/Nov 2019 Paper 3 Variant 3, question 9.

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