With two firms in the industry, if the market is contestable, prices will be moderate. Explain.

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:37 AM

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With two firms in the industry, if the market is contestable, prices will be moderate. Explain.

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The key is the markets contestability Are barriers to entry insurmounta...View the full answer

Principles of Economics

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