Monopolies may have an advantage in some markets, but what are they? A scaffolded problem set examines the effects monopolies have on a market. Other authentic College Board problems examine labor markets and how a variety of factors affects the price of shoes.  

Concepts

test preparation, microeconomics, cost, revenue, monopolies, markets, tariffs, prices, input/output tables

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Additional Tags

social studies

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Instructional Ideas

• Create similar problems to reinforce classroom content
• Develop team activities to solve the problems

Classroom Considerations

• Contains the free-response questions from the 2000 AP® exam in microeconomics

Pros

• Items are easy to adapt to a variety of lesson plans
• Scoring guidelines and answer keys make it easy to offer consistent feedback

Cons

• College Board has revised the exam
  

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