If there is the legitimate threat of entry into a market, then the market is said to be

Name: If there is the legitimate threat of entry into a market, then the market is said to be
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A contestable market is one in which there are low barriers to entry and exit, allowing for the threat of new competition to keep incumbent firms competitive. Therefore, if there is a legitimate threat of entry into a market, then it is considered to be contestable.

If There Is the Legitimate Threat of Entry into a Market