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Aspiring Lawyers - Applications & General Advice
Applications Discussion
Contacting HR over possible errors in test
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<blockquote data-quote="Legal_rawn" data-source="post: 43524" data-attributes="member: 4224"><p>Hi! from an economics degree perspective, reduction in tariffs or subsidies increase competition because they encourage entry into the market. Market competition is based on the concentration of firms/products in the market. Note that it says products not firms as well so I do this the answer is yes. Again I could be wrong but from someone who takes an econ degree and has done lots of modules on this I would say yes seems to be the right answer. I don't know if this is any help and again I could be wrong!</p></blockquote><p></p>
[QUOTE="Legal_rawn, post: 43524, member: 4224"] Hi! from an economics degree perspective, reduction in tariffs or subsidies increase competition because they encourage entry into the market. Market competition is based on the concentration of firms/products in the market. Note that it says products not firms as well so I do this the answer is yes. Again I could be wrong but from someone who takes an econ degree and has done lots of modules on this I would say yes seems to be the right answer. I don't know if this is any help and again I could be wrong! [/QUOTE]
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