Unit 2.11: Diagram revision

IB Economics: Unit 2.11: Diagram revision

1. Complete the following diagrams:Perfectly competitive firm in the LRPerfectly competitive firm making a lossPerfectly competitive firm making abnormal profitMonopoly firm making a loss2. Complete the following sentence:(a) Firms in monopolistic competition and perfect competition will make normal profits in the long run because there are no ­­­___________________ to _____________

To access the entire contents of this site, you need to log in or subscribe to it.

You can also request a Free trial or check the blog (which is also free)

All materials on this website are for the exclusive use of teachers and students at subscribing schools for the period of their subscription. Any unauthorised copying or posting of materials on other websites is an infringement of our copyright and could result in your account being blocked and legal action being taken against you.