Business, Legal & Accounting Glossary
A contestable market is one that has few companies- but all existing companies behave in a competitive manner to deter new entrants. A contestable market may have only one firm behaving in a competitive manner. Prime examples of contestable markets include electricity and gas supply companies, low-cost domestic airlines, and internet service providers.
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This glossary post was last updated: 26th March, 2020 | 3 Views.