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What are barriers?

What are barriers?

Flow diagram showing the four types of entry barrier and how entry and exit barriers reduce contestability, increase incumbent market power, and allow supernormal profit to persist

A barrier to entry is an obstacle that makes it difficult or costly for a new firm to compete in a market. A barrier to exit is a cost that makes leaving a market expensive.

7.6.3 barriers to entry and exit Lesson

  1. Intl A Level
  2. /Economics
  3. /7.6.3 barriers to entry and exit

Step-by-step lessons on CIE Intl A Level Economics 7.6.3 barriers to entry and exit. Each one builds up to exam-style questions.

Lessons