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Card 1 of 23

Contestability is about [     ], not simply the [     ].

A

Contestability is about economies of scale, not simply the level of competition.

B

Contestability is about number of firms, not simply the ease of entry and exit.

C

Contestability is about market concentration, not simply the level of sunk costs.

D

Contestability is about ease of entry and exit, not simply the number of firms.

Card 1 of 23

Contestable markets Flashcards

  1. A Level
  2. /Economics
  3. /Contestable markets

23 flashcards on OCR A Level Economics Contestable markets: the key terms, economic models and case studies you need to recall for Component 01, Component 02 and Component 03.

Flashcards