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Economics cover artwork
  1. A Level
  3. Economics AQA

Economics

Economics cover artwork
  1. A Level
  3. Economics AQA
  5. 1.5.10 Market structure, static efficiency, dynamic efficiency and resource allocation (A-level only)

1.5.10 Market structure, static efficiency, dynamic efficiency and resource allocation (A-level only)

Spec 7136

Revise AQA A Level Economics 1.5.10 Market structure, static efficiency, dynamic efficiency and resource allocation (A-level only) with the question bank, lessons, revision guides, and flashcards.

The difference between static efficiency and dynamic efficiency. • The conditions required for productive efficiency (minimising average total costs) and allocative efficiency (price = marginal cost).

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