A-LevelEconomicsThe price system and the microeconomy9708/32 · May/June 2018 · Q71 Mark

The diagram shows a firm's cost and revenue curves. [Figure 7.1] Which features are associated with the diagram? A economies of scale and allocative efficiency B interdependence and allocative efficiency C price rigidity and economies of scale D price rigidity and interdependence

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Mark scheme

Marking points from the official mark scheme (May/June 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, May/June 2018 Paper 3 Variant 2, question 7.

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