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Economics (AS & A Level) · May / June 2024 · Paper 32 · Question 9

9708Different market structures

A market structure in which a small number of firms face competition from potential entrants. What does this describe?

  1. Aa contestable market
  2. Ba monopoly
  3. Cmonopolistic competition
  4. Dperfect competition

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Correct answer: A. a contestable market

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