Edexcel A-level Economics B 9EB0 · 4.1.5
Productive and allocative efficiency
- Code
- 4.1.5
- In
- 4.1 Competition and market power
- Topic
- 4 Making markets work
- Course
- A-level Economics B 9EB0
- Board
- Edexcel
Grade boundaries·Edexcel command words
Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.
Points under 4.1.5
- 4.1.5a The distinction between allocative efficiency and productive efficiency
- 4.1.5b The significance of the margin; opportunity costs, trade-offs and allocative efficiency
- 4.1.5c Increasing productivity to reduce average cost through greater efficiency by improving
- 4.1.5d Market orientation
- 4.1.5e How markets interact with one another
Points in 4.1 Competition and market power
- 4.1.1 Spectrum of competition
- 4.1.2 Barriers to entry
- 4.1.3 Oligopoly
- 4.1.4 Business objectives and pricing decisions
- 4.1.5 Productive and allocative efficiency