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1.5 Perfect competition, imperfectly competitive markets and monopoly

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Question 17

‘The rise of cloud kitchens (shared culinary workspaces) and food delivery application platforms has drastically lowered the sunk costs of entry, allowing independent boutique food brands to challenge established national restaurant chains.’

Explain why this might be the case.

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1.5 Perfect competition, imperfectly competitive markets and monopoly Questions

  1. A Level
  2. /Economics
  3. /1.5 Perfect competition, imperfectly competitive markets and monopoly