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Question 3 Assess the view that privatisation can have little impact on the behaviour of previously nationalised industries, since a state monopoly is simply replaced
Question 3
Assess the view that privatisation can have little impact on the behaviour of previously nationalised industries, since a state monopoly is simply replaced by a private one.
New firms may wish to enter a monopoly market, but they face barriers to entry.
(i) State three possible barriers to entry. ( 11 marks)
(ii) Write brief notes on each of these. ( 9 marks)
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