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Acronyms that contain the term contestable market
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What does contestable market mean?
- Contestable market
- In economics, the theory of contestable markets, associated primarily with its 1982 proponent William J. Baumol, holds that there are markets served by a small number of firms that are nevertheless characterized by competitive equilibria (and therefore desirable welfare outcomes) because of the existence of potential short-term entrants.
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"contestable market." Abbreviations.com. STANDS4 LLC, 2024. Web. 28 May 2024. <https://www.abbreviations.com/contestable%20market>.
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