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    Exam 24: Monopolistic Competition Oligopoly and Game Theory
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    One of the Main Criticisms of the Theory of Contestable
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One of the Main Criticisms of the Theory of Contestable

Question 115

Question 115

True/False

One of the main criticisms of the theory of contestable markets is that the assumption of extremely free entry into (and costless exit from) the industry is unlikely to hold in the real world.

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