How are monopolies and competitive firms similar and different? Scholars consider the question using authentic College Board materials. Other prompts consider supply and demand curves and the relationship between wages and output.

Concepts

profit, labor, microeconomics, test preparation, monopolies, competition, supply and demand, supply curves, input/output tables

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Additional Tags

social studies

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Instructional Ideas

• Use all or part of the resource to help review for the AP® exam.
• Create a group activity where teams work to solve the problems

Classroom Considerations

• Features the form B free-response questions from the 2003 AP® exam in microeconomics.

Pros

• Items are easy to adapt to a variety of lesson plans
• Scoring information simplifies feedback
• Resource allows for authentic test preparation

Cons

• Due to the age of the resource, teachers may need to adjust items to reflect exam revisions

Common Core

RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.9-10.10 RH.11-12.1 RH.11-12.2 RH.11-12.3 RH.11-12.10