What students need to learn:
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Content
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Students should be able to:
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Additional Guidance Notes
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Barriers to market entry and exit
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Understand the meaning and types of barriers to entry and exit and
how they affect the behaviour of firms.
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Examples of barriers to include economies of scale; limit pricing;
legal barriers, for example patents; sunk costs, for example advertising.
Students will be expected to discuss the significance of barriers to
entry and exit to firms operating in different market structures.
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