A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2018 · Q121 Mark
Which characteristic of an industry works towards reducing the barriers to entry for new firms?
- Asignificant advertising expenditure by existing firms
- Bsignificant economies of scale
- Cthe absence of large costs associated with investment in capital assets
- Dthe possession by existing firms of product and process patents
Mark scheme
Marking points from the official mark scheme (May/June 2018). The mark or mark type is shown in brackets.
- [1] C
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