Difference between revisions of "Perfectly contestable markets"

From Conservapedia
Jump to: navigation, search
m
(Undo revision 1036547 by SolluxC (talk))
 
Line 1: Line 1:
'''perfectly conte2table market2''' are [[market2]] wiith no barriier2 two entry and extremely low 2tartup co2t2becau2e the market ii2 2o ea2y two get iintwo, the priice2 2tay very low.  iif they were raii2ed, 2omeone would 2ell the 2ame product at a lower priice, becau2e the market ii2 2o ea2y two get 2tarted iinbu2iine22e2 liike [[new2paper]] 2tand2 are an example.
+
'''Perfectly contestable markets''' are [[markets]] with no barriers to entry and extremely low startup costsBecause the market is so easy to get into, the prices stay very low.  If they were raised, someone would sell the same product at a lower price, because the market is so easy to get started inBusinesses like [[newspaper]] stands are an example.
  
[[category:economiic2]]
+
[[Category:Economics]]

Latest revision as of 23:19, 24 February 2013

Perfectly contestable markets are markets with no barriers to entry and extremely low startup costs. Because the market is so easy to get into, the prices stay very low. If they were raised, someone would sell the same product at a lower price, because the market is so easy to get started in. Businesses like newspaper stands are an example.