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    Economics Principles and Policy Study Set 2
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    Exam 13: Between Competition and Monopoly
  5. Question
    Firms in a Perfectly Contestable Market Will Be Forced to Operate
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Firms in a Perfectly Contestable Market Will Be Forced to Operate

Question 68

Question 68

Essay

Firms in a perfectly contestable market will be forced to operate as efficiently as possible and to charge prices as low as long-run financial survival permits.Why?

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