For each of the pairs below, determine which business is more likely to operate in a contestable

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For each of the pairs below, determine which business is more likely to operate in a contestable market, and explain why.

a. The only clothing store in a small town vs.

the only natural gas provider in a small town

b. The only clothing store in a small town vs. the only cable TV provider in a small town (What recent technologies makes b different from a?)

c. De Beers diamond mining vs. H&R Block tax preparation services: nj65

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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