A-level Paper 1, June 2025Markets and Business Behaviour

A-level Paper 1, June 2025, Q3(a)

Which one of the following applies to the dental practice’s equilibrium at point E? The dental practice is:

Multiple choice1 mark

Context

The diagram shows the equilibrium position of a dental practice operating in a monopolistically competitive industry.

Ain long-run equilibrium
Bmaking normal profit because average revenue is greater than average cost
Cmaking supernormal profit because marginal cost equals marginal revenue
Dproductively efficient

Specification topics

Monopolistic competitionEfficiency

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