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IB Economics SL 2.8.1 Socially Optimum Output Questions

Practise IB Economics SL 2.8.1 by identifying socially optimum output from marginal benefits, costs and community surplus, using marked exam evidence.

Syllabus
First assessment 2022
Course
Economics SL
Level
SL

Exam points

  • Social optimum occurs where marginal social benefit equals marginal social cost.
  • Allocative efficiency maximizes social or community surplus.

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