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Economics

Practice Exam Questions

Contestable Markets and Output (MCQ Revision Question)

Level:
A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

In a contestable market, if the threat of potential entry causes a business to drop profit maximisation as the main aim and choose instead an output that makes a normal profit, what is the consequence for total output? This multiple choice question tests our understanding of this topic.

Contestable Markets and Output (MCQ Revision Question)

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