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IB Economics HL 2.11.3 Degrees of market power Question Bank

Practise IB Economics HL 2.11.3 by applying degrees of market power concepts to exam-style questions.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

Exam points

  • identify the relevant model, concept or evidence
  • apply the correct subject framework to the question
  • evaluate the result using clear evidence and subject terminology

2.11.3 (HL)—Degrees of market power question 1

[Maximum number: 1]

Draw and label the marginal revenue (M R) curve for corn for an individual farmer in Nissos on the grid below.

Figure for Question 2.11.3 (HL)—Degrees of market power question 1 — IB Economics HL
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