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What disciplines a contestable market?
A
The degree of product differentiation, rather than the conditions of entry and exit.
B
The level of consumer demand, rather than the threat posed by potential entrants.
C
The threat of entry, rather than the number of existing firms.
D
The number of incumbent firms, rather than the ease with which firms can enter.
Card 1 of 20
1.5.9 Contestable and non-contestable markets (A-level only) Flashcards
20 flashcards on AQA A Level Economics 1.5.9 Contestable and non-contestable markets (A-level only): the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.