Even when a market appears to be a monopoly,it can be contestable if there are many potential entrants.

Name: Even when a market appears to be a monopoly,it can be contestable if there are many potential entrants.
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

A market can be contestable if there are many potential entrants, even if it appears to be a monopoly. This is because the threat of new entrants keeps the incumbent monopolist on its toes and prevents it from raising prices or being complacent.

Even When a Market Appears to Be a Monopoly,it Can