Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Econ AQA Paper One > Perfect competition, imperfectly competitive and monopoly > Flashcards

Perfect competition, imperfectly competitive and monopoly Flashcards

1
Q

Define perfect competition

A

Where all sellers are equal, selling identical products, there are no barriers to entry

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Define what a contestable market is

A
How well did you know this?
1
Not at all
2
3
4
5
Perfectly

Econ AQA Paper One (6 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions