IB Economics HL 2.11.6 Monopolistic competition Question Bank
Practise IB Economics HL 2.11.6 by applying monopolistic competition 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
2.11.6 (HL)—Monopolistic competition question 1
Firm A produces cartons of coffee. Figure 1 illustrates the firm's total cost (TC) and variable cost (VC) at different output levels per month.
Figure 1
Firm B and all the other firms in the tea market begin to sell their tea in distinctive packages and many differentiate their product with organic tea or fruit flavours. Explain how the demand curve faced by Firm B will change as a result.
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