juieidj juieidj

28-09-2020
Business

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Explain contestability in a economic market (economics questions)

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timothyjohndebelen timothyjohndebelen

28-09-2020

Answer:

Market contestability refers to the ease with which new firms can enter and leave a market. A perfectly contestable market is one with no entry or exit costs. Barriers to entry and exit reduce the degree of contestability.

Explanation:

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