_____ market has low entry barriers and is not currently competitive.

Name: _____ market has low entry barriers and is not currently competitive.
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Question

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A contestable market is characterized by low entry and exit barriers, allowing for potential competition even if the market is not currently competitive. This contrasts with monopolies, oligopolies, and monopolistic competition, where barriers to entry can be significant and the market structure inherently limits the number of competitors.

_____ Market Has Low Entry Barriers and Is Not Currently