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ScotlandEconomicsQuick questions
Economic Markets: Structures and Intervention
Quick questions on Monopoly and price discrimination: barriers, equilibrium and welfare - SQA Advanced Higher Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Explain why a monopolist's marginal revenue lies below its average revenue. [2 marks]
What is q2?Show answer
State two conditions a firm needs to practise price discrimination. [2 marks]
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