O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2023 · Q141 Mark

Which conditions are most likely to attract small firms to enter a market?

Alocal, high

Blocal, low

Cnational, high

Dnational, low

✓ Correct answer

B: local, low

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2023 Paper 1 Variant 1, question 14.

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