Edexcel IAL Economics 3.3.3.8a Contestable Markets
Analyse contestability through entry and exit barriers, sunk costs, incumbent responses and the threat of hit-and-run competition.
- Syllabus
- First assessment 2019
- Course
- Economics YEC11
- Level
- A2
Exam points
- explain reduced contestability by linking extracts to higher entry barriers or sunk costs
