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Paper 3 question on monopolistic competition, revenues and market power

This is a sample Paper 3 question. The paper includes two compulsory questions. Students have to answer both questions when they are completing Paper 3. The time allowed for Paper 3 is 105 minutes so students should spend 52.5 minutes on each question. Questions AnswerThis paper 3 style question is on monopolistic competition, revenues, profits and market power.Firm A sells electric heaters on the Internet. The market...

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