IB Economics HL 2.11.2 Hl Rational Producer Behaviour Topic Practice

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Unit 1 Introduction to economics

Unit 2 Microeconomics

2.3 Competitive market equilibrium

2.4 Critique of the maximizing behaviour of consumers and producers

2.5 Elasticities of demand

2.6 Elasticity of supply

2.7 Role of government in microeconomics

2.8 Market failure - externalities and common pool or common access resources

2.9 Market failure - public goods

2.10 Market failure - asymmetric information

2.11 Market failure - market power

2.11.1 (HL)—Market structures

2.11.2 (HL)—Rational producer behaviour

2.11.3 (HL)—Degrees of market power

2.11.4 (HL)—Monopoly

2.11.5 (HL)—Oligopoly

2.11.6 (HL)—Monopolistic competition

2.11.7 (HL)—Advantages and risks of market power

2.11.8 (HL)—Government responses to market power

2.12 The market's inability to achieve equity

Unit 3 Macroeconomics

Unit 4 The global economy

IB/Economics/HL//Question Bank/Unit 2 Microeconomics/2.11 Market failure - market power/2.11.2 (HL)—Rational producer behaviour

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