Economics A Level: What happens in
1. PC Markets
2. Pure Monopoly (PM) Markets
3. Regular Real Life Markets
With Barriers to Entry?

Question

What happens in 
1. PC Markets
2. Pure Monopoly (PM) Markets
3. Regular Real Life Markets
With Barriers to Entry?

go kys · Accepted Answer

1. PC Markets have NO barriers at all to Enter or Leave
2. PM Markets have Impossible Barriers to Entry - only 1 Firms remains the Industry 
3. Usually, there remains some Barriers to Entry, but they aren’t Impossible to overcome

Economics A Level

What happens in 1. PC Markets 2. Pure Monopoly (PM) Markets 3. Regular Real Life Markets With Barriers to Entry?

1. PC Markets have NO barriers at all to Enter or Leave 2. PM Markets have Impossible Barriers to Entry - only 1 Firms remains the Industry 3. Usually, there remains some Barriers to Entry, but they aren’t Impossible to overcome

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