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Paper 3 question on utility, demand theory and market failure

IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes, so students should spend 52.5 minutes on each question. This Paper 3 style question is on utility theory, demand theory and negative consumption externalities. Question paper MarkschemeDomino’s Pizza is one of the most successful fast-food takeaway businesses in the world. Founded...

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