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Card 1 of 20

A [     ] is disciplined by the threat of new entry, not the number of existing firms.

A

contestable market

B

competitive market

C

collusive market

D

concentrated market

Card 1 of 20

3.4.7 Contestability Flashcards

  1. A Level
  2. /Economics
  3. /3.4.7 Contestability

20 flashcards on Edexcel A A Level Economics 3.4.7 Contestability: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards