Economics 0455 · IGCSE · Market structure

Market structure — practice question

Which market conditions are most likely to encourage small firms to enter a market?

  • Alocal market; high fixed costs of entering the industry
  • Blocal market; low fixed costs of entering the industry
  • Cnational market; high fixed costs of entering the industry
  • Dnational market; low fixed costs of entering the industry

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