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Projects, Assignments Are Very Important: Conceptual Answers
Projects, Assignments Are Very Important: Conceptual Answers
Projects, Assignments Are Very Important: Conceptual Answers
Section A 10 marks
Conceptual answers
Section B
2 ques
10 marks 10 marks
Section C
Mechanic question
Markets (two case studies), differing characteristics of markets. Perfect Competition is best market
for consumers.
Income elasticity
Linkages
Production and Cost (1 case study Is important in this), Breakeven Point and Shut down point
Skimming and Penetration price so low to eliminate competition, Predatory pricing (price so low to
eliminate competition)
Price taker