A-LevelEconomicsThe price system and the microeconomy9708/31 · May/June 2019 · Q21 Mark

The diagram shows cost and benefit curves for a good in a free market. [Figure]. Which combination is correct? actual output social optimal level of output A P1Q1 P3Q3 B P2Q2 P3Q3 C P2Q2 P4Q4 D P3Q3 P4Q4

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Marking points from the official mark scheme (May/June 2019). 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 2019 Paper 3 Variant 1, question 2.

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