Economics A-Level
Empirical evidence
What Empirical evidence means in Economics A-Level, as defined for AQA.
Definition of Empirical evidence
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Reference: AQA
Evidence that often suggests an L-shaped long-run average cost curve, in contrast to traditional theory which posits a U-shaped curve.
Topics that use Empirical evidence
- Economies and diseconomies of scale (AQA A-Level)
Related terms
- Alienation
- Diseconomies of scale
- Economies of scale
- External economies of scale
- Internal economies of scale
- Long-run average cost (LRAC) curve
- Market structure
- Minimum efficient scale
Using Empirical evidence in the exam
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