I have a question asking why markets should be made more contestable rather than competitive?
What is the difference between a contestable market and a competitive market other than the fact that firms in a contestable market are only acting like competitive firms to decrease threat of other firms entering market.
Difference between contestable market and perfectly competitive market Watch
- Thread Starter
- 01-12-2010 21:51
- 02-12-2010 00:27
A perfectly competitive market is a contestable market, but a contestable market is not always a perfectly competitive one. Read on: