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Edexcel A-Level Economics A2 3.3.3 8a Characteristics of Contestable Markets Questions

Explain contestability through the ease of market entry and exit, identifying how barriers can change and using specific evidence about established firms to apply the concept.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • Explain reduced contestability as an increase in barriers to market entry or exit
  • Apply contestability characteristics to evidence of established firms' advantages in a market

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