A contestable market is one where there are few if any barriers to entry.

Name: A contestable market is one where there are few if any barriers to entry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a contestable market, there are low barriers to entry and exit, allowing new firms to enter and compete with existing ones without facing significant obstacles. This creates a competitive environment that benefits consumers and can lead to lower prices, improved quality, and innovation.

A Contestable Market Is One Where There Are Few If