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If a firm is operating in a contestable market, it should operate at the efficient production level and earn negative profit. True False
If a firm is operating in a contestable market, it should operate at the efficient production level and earn negative profit.
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False
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
