This is an Economics Grade 12 Paper 2 provincial standardised assessment from KwaZulu-Natal, dated June 2026, worth 150 marks and to be completed in 2 hours. Question 1, worth 30 marks over 20 minutes, is multiple choice, covering marginal revenue, market structures such as monopoly, social costs and negative externalities, price-taking firms, heterogeneous products, and dumping.
The following document, Economics Grade 12 Paper 2 Term 2 Provincial Assessment.pdf, is the full document.
Term 2 Content Brief
Economics Grade 12 Paper 2 Term 2 Provincial Assessment PDF ICG-068
Key terms covered include marginal revenue, monopoly, negative externalities, social costs, price-takers, heterogeneous products, and dumping.
The paper consists of 13 pages and has four questions. Section A is compulsory. Section B requires two questions. Section C requires one question from a choice of two.
By the end of this paper, learners should be able to explain concepts such as marginal revenue and market structures, distinguish between social costs and externalities, identify characteristics of price-taking firms, and describe practices such as dumping in international trade.