Practice Exam Questions
Contestable Markets and Output (MCQ Revision Question)
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 2 Jun 2017
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.
You might also like
Growing Challenges Facing Privatised Royal Mail
17th October 2014
Technology as a Disruptive Force
9th June 2014
Reducing Contestability using the ‘sardines’ technique
15th May 2014
Profit Satisficing and Profitability Factors
30th January 2014
Indie Games and Contestable Markets
2nd August 2013
A mega example of contestability
20th January 2013
Profit
Study Notes
Profit Maximisation
Study Notes