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单词 contestable market
释义

contestable market

Definition
A market structure that allows for entry and exit at any given time period. A contestable market typically only consists of a few businesses, but doesn't prevent any new firms from entering the market. Firms experiencing rising profits in the contestable market will usually see the influx of new firms entering during this time.
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更新时间:2025/2/2 14:26:59