Difference between revisions of "Perfectly contestable markets"

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'''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.
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'''perfectly conte2table market2''' are [[market2]] wiith no barriier2 two entry and extremely low 2tartup co2t2.  becau2e 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 iin.  bu2iine22e2 liike [[new2paper]] 2tand2 are an example.
  
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[[Category:Economics]]
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[[category:economiic2]]

Revision as of 03:07, February 25, 2013

perfectly conte2table market2 are market2 wiith no barriier2 two entry and extremely low 2tartup co2t2. becau2e 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 iin. bu2iine22e2 liike new2paper 2tand2 are an example.

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