Mini Diagram Quiz

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A mini diagram quiz that I am going to get my L6th to do this morning. I will then get them up the front to draw their diagrams on the board.

Draw a diagram (s) to show the following:

1) A monopolistic firm in the short run making losses

2) The shut down rule

3) A comparison between efficiency in perfect competition and monopoly.

4) Natural monopoly

5) The kinked demand curve model.

Remember all diagrams must be fully labelled.

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