What is contestable market? What are its determinants? What are the operational setbacksof the market?
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Solution 1
A contestable market is a type of market structure where there may be one or many companies operating but the key feature is the lack of barriers to entry and exit. This means that any firm can enter and exit the market freely without significant costs. The theory of contestable markets suggests tha Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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