AS - Level Economics (Microeconomics) Flashcards on 7 ~ Market Structure, created by Tara Pugal on 24/04/2016.
|
|
Created by Tara Pugal
over 8 years ago
|
|
Close
|
|
Created by Tara Pugal
over 8 years ago
|
|
Describe a competitive market (5)
The more competitive a market...
What are monopoly's?
What is an oligopolistic industry?
How do monopolies develop?
What is the internal expansion of a business?
What are barriers to entry?
What are 3 examples of barriers to entry?
What are patents?
How do advertising an marketing act as barriers to entry?
How does brand proliferation act as a barrier to entry?
How does monopoly power = market failure?
What are the 3 potential benefits of monopoly?
