UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
Paper 3 (Multiple Choice Supplement), maximum raw mark 30
Mark schemes must be read in conjunction with the question papers and the report on the
Homework 2 AP Economics Part 2 Chapter 10
1. Consider the following situations and determine whether they exhibit simultaneous consumption, network
effects, x-inefficiency or rent-seeking behavior. Assume the businesses referenced function as monopolies.
ADDITIONAL EXERCISES FOR ASSIGNMENT_MONOPOLY
Which of the following situations is a monopoly?
The supermarket that stocks the best-quality products
The supermarket that charges the highest prices
The firm that has the
Deliverable Length: 400600 words *PAGE AND A HALF & REFERENCES, MS Word document
Primary Task Response: Respond to the following scenario with your thoughts, ideas, and comments. This
will be the foundation for future assignments. Be substantiv