These topics are examined in the IAL Unit 3 for Edexcel Economics.
You can find notes for Unit 3 here:
The Firm and its Objectives
Revenue, Costs and Profit
Market Structures and Contestability
- a) Perfect competition
- b) Monopolistic competition
- c) Oligopoly
- d) Monopoly
- e) Monopsony
- f) Contestability
Government Intervention to Promote Competition
- ab) Government intervention to protect consumers, suppliers and employees
- c) Government intervention to promote international competitiveness
- d) Government policy towards transnational companies (TNCs)
