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Mini Diagram Quiz
Jim Riley
6th May 2009
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.