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Mini Diagram Quiz

Jim Riley

6th May 2009

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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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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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