The low-cost airline business is often cited as an example of a highly contestable market. To what
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The low-cost airline business is often cited as an example of a highly contestable market. To what extent do the assumptions of a perfectly contestable market apply to the low-cost airline industry and what limitations do you think exist which make the market less contestable?
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The lowcost airline industry does exhibit some characteristics of a contestable market but it also faces certain limitations that make it less contestable than the ideal assumptions of a perfectly con...View the full answer
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