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AQA A Level Economics Y2- Chapter 3

  • AQA A Level Economics Y2- Chapter 3

  • Exam (elaborations) • 4 pages • 2023
  • Market Structure - correct answer The Organisational and other charcetristics of a market Entry barriers - correct answer Obstacles that make it difficult for a new firm to enter the market Exit barriers - correct answer Obstacles that make it difficult for an established firm to leave a market Natural Barriers - correct answer Barriers that result from inherent features of the industry, such as economies of scale or high R&D costs; not barriers that are artificially made. Sunk C...
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