Contestable markets require that there be multiple participants in the marketplace.

Name: Contestable markets require that there be multiple participants in the marketplace.
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Question

Quizplus · Accepted Answer

A contestable market does not necessarily require multiple participants; it is defined by the ease of entry and exit for potential competitors, meaning even a single firm can dominate if the market conditions allow for potential competition.

Contestable Markets Require That There Be Multiple Participants in the Marketplace