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Edexcel IGCSE Economics 1.2.4 A Effects of Competition on Firms Consumers and the Economy Questions

Practise competition-effect questions by defining innovation and judging price, choice, quality or advertising impacts for customers and firms.

Syllabus
First assessment 2019
Course
Economics 4EC1

Exam points

  • Explain how rival firms may improve choice, quality or innovation for consumers.
  • Evaluate competition using customer impacts in a restaurant or transport context.
  • State firm disadvantages from competition, such as lower profit or advertising costs.

Edexcel IGCSE Economics 1.2.4 A Effects of Competition on Firms Consumers and the Economy Questions question 1

[Maximum number: 1]

State one disadvantage to firms of increased competition.

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