Competition and Contestability
- A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Apr 2019
Many students use the words competition and contest ability interchangably whereas there are subtle but important differences between them. This video looks at the distinction and considers recent examples of price wars, non-price competition and markets / industries that appear to becoming more contestable over time.