contestable markets
- Created by: Taranajarx
- Created on: 20-05-19 15:43
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Contestable market ( NOT A MARKET STRUCTURE)
A market with low barriers to entry and exit,
notably **** costs are this means the ‘hit and run’ market entry is possible - a new firm entering the market, can earn supernormal profits, then leave as soon as the profits are eroded by more competition.
As a result…
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