A perfectly contestable market is one in which there are excessive costs to entry and exit.

Name: A perfectly contestable market is one in which there are excessive costs to entry and exit.
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Quizplus · Accepted Answer

A perfectly contestable market is one in which there are no barriers to entry or exit, meaning that there are no excessive costs for any firm to enter, compete, or leave the market. This type of market is characterized by freedom of entry or exit, low sunk costs, and no entry or exit barriers.

A Perfectly Contestable Market Is One in Which There Are