Contestable Markets - 2021 Revision Update
- AS, A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 23 Jan 2021
This study resource brings together a series of short updated revision videos on aspects of contestable markets.
In this video we look at the differences between perfect competition and contestable markets and consider four key factors that can make a market or industry more contestable over time.
In this revision video we explore the analysis diagram that can score top marks in the assignments and we also look at the important concept of hit and run entry.
In this short revision video we look at this question - To what extent will a contestable market lead to economic efficiency?
We bring our revision series on contestable markets to a close by going through five multiple choice questions on this topic.