Paper 3 question on oligopoly, collusion, game theory, and non-price competition
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 covers oligopoly, collusion, game theory, and non-price competition. Questions Answers A country's sugar market has two main producers: Firm A and Firm B. Firm A is owned by a multinational food...