140k views
3 votes
If a contestable market does not satisfy all of the conditions of a perfectly competitive market, that contestable market _______________ achieve resource allocative efficiency.

User Lois
by
8.4k points

1 Answer

5 votes
If a contestable market does not satisfy all of the conditions of a perfectly competitive market, that contestable market Could possibly achieve resource allocative efficiency..
In imperfect competitive market, there will always a business that have competitive advantage compared to other competitors. Which means the business could best other business without sweating too much on marketing simply by sheer quality
User Minh Tuan Nguyen
by
8.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories