A contestable market will always end up as a monopoly in the absence of antitrust protection.

Name: A contestable market will always end up as a monopoly in the absence of antitrust protection.
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Question

Quizplus · Accepted Answer

A contestable market is characterized by the ease with which potential competitors can enter and exit the market, which can prevent monopolies from forming even in the absence of antitrust protection, as the threat of potential competition can discipline the behavior of incumbents.

A Contestable Market Will Always End Up as a Monopoly