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Contestable Markets

Level:
A Level
Board:
AQA, Edexcel, OCR, IB
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This is a revision presentation on aspects of contestable markets. A contestable market is one that is open to actual & potential competition. A market is contestable where an entrant has access to all production techniques available to existing businesses and when entry decisions can be reversed without cost i.e. there are no sunk costs.

Some examples of contestable markets
Contestable markets
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