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Paper 3 question on oligopoly, regulating markets, revenues and profits

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 oligopoly, regulating markets, revenues and profits. Questions AnswersSince 2019, the average price of a basket of groceries in the United States has increased by 30%. Beef has increased by 45%,...

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