Blog
Unit 3 Micro: Revision on Entry Barriers
Geoff Riley
10th April 2012
Here is a revision presentation focusing on different entry and exit barriers in imperfectly competitive markets.
Entry barriers: Block potential entrants from making a profit Protect the monopoly power of existing firms Maintain supernormal profits in the long run Barriers to entry make a market less contestable
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.