Economics B A-Level
Market entry
What Market entry means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Market entry
Check what you remember
Read the wording for your board, then hide it and explain Market entry in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
New firms entering a market in response to supernormal profit, which increases supply and drives down prices until only normal profit is made.
Topics that use Market entry
- Profit and loss (Pearson Edexcel A-Level)
Related terms
- Financial performance
- Gross profit margin
- Market exit
- Operating profit
- Operating profit margin
- Profit for the year margin
- Profitability
- Revenue and costs
Using Market entry 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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