Economics B A-Level
Contestability
What Contestability means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Contestability
Check what you remember
Read the wording for your board, then hide it and explain Contestability in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The ease with which new firms can enter and exit a market.
Topics that use Contestability
- Barriers to entry (Pearson Edexcel A-Level)
Related terms
- Barriers to entry
- Competitive advantage
- Economies of scale
- Market structure
- Monopoly power
- Perfectly contestable market
- Intellectual property rights
- Limit pricing
Using Contestability in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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