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AQA A Level Economics Y2- Chapter 3
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4
September 2023
2023/2024
A+
Market Structure - correct answer The Organisational and other charcetristics of a market
Entry barriers - correct answer Obstacles that make it difficult for a new firm to enter the market
Exit barriers - correct answer Obstacles that make it difficult for an established firm to leave a market
Natural Barriers - correct answer Barriers that result from inherent features of the industry, such as economies of scale or high R&D costs; not barriers that are artificially made.
Sunk C...
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