contestable market (Q830650)

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market served by a small number of firms that are nevertheless characterized by competitive equilibrium (and therefore provides desirable welfare outcomes) because of the existence of potential short-term entrants
  • contestability theory
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English
contestable market
market served by a small number of firms that are nevertheless characterized by competitive equilibrium (and therefore provides desirable welfare outcomes) because of the existence of potential short-term entrants
  • contestability theory

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