Economics 9708 · AS & A Level · 7.6

7.6 — practice question

Which factors determine how contestable a market is?

  • Athe costs of entry and exit
  • Bthe degree of differentiation of the product
  • Cthe number of firms in the industry
  • Dthe price elasticity of demand for the product

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI