If a market is contestable, how does the equilibrium differ from that of a monopoly?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:22 AM

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If a market is contestable, how does the equilibrium differ from that of a monopoly?

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A contestable market occurs when the firms in a market face potential entry from other firms ...View the full answer

Microeconomics

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