Economics

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Address: Boston House, 214 High Street, Boston Spa, West Yorkshire, LS23 6AD, United Kingdon
Telephone: 0844 800 0085

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How does the threat of competition affect a firm’s behaviour?

This revision presentation looks at the economics of contestable markets

Students should be able to:

Understand the characteristics of this market structure with particular reference to the interdependence of firms
Explain the behaviour of firms in this market structure
Explain reasons for collusive and non-collusive behaviour
Evaluate the reasons why firms may wish to pursue both overt and tacit collusion

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Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085