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This is a perfect revision source for students looking to secure their knowledge on the essential stuff in A-Level (or any other higher education) Economic Studies
ALL ON A SINGLE PIECE OF A4 PAPER!
Included in this resource:
- William Baumol
- Explanation of the theory
- The importance of the theory & its uses
- Contestability as a form of Govt. Policy
- Real-world examples of contestable markets
- Factors influencing the degree of contestabiliity
- Methods to increase contestability
- Hit & Run Competition
- Sunk Costs
DON’T FORGET TO REVIEW! YOUR FEEDBACK IS EXTREMELY VALUABLE!
This resource is optimised for the AQA specification; Yet, this document is still extremely useful for other boards including OCR, Edexcel, WJEC, Eduqas and many more.
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