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Economics · May / June 2021 · Paper 11 · Question 15

2281Types of markets

Which market is likely to be the most competitive?

  1. Ahigh barriers to entry, few sellers
  2. Bhigh barriers to entry, many sellers
  3. Clow barriers to entry, few sellers
  4. Dlow barriers to entry, many sellers

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Correct answer: D. low barriers to entry, many sellers

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