A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2017 · Q121 Mark
The diagram shows a firm in monopoly producing OQ units. [Figure 12.1]
- The diagram shows a firm in monopoly producing OQ units. [Figure 12.1] Which outcome can be observed in the diagram? A loss minimisation B profit satisficing C revenue maximisation D unit cost minimisation[1]
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Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] A
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