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From course:

Economics A Level (DONEEEEEEE)

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Question:

What are Hit-and-Run Tactics in Contestable Markets?

Author: eric_galvao



Answer:

-Low Barriers to Entry and Exit can get Firms to Enter the Market during a Supernormal Profit era, and Leaving when Prices have dropped to Normal Profit era -As long as the Profit made is Greater than the Entry and Exit costs, the Firm can Compete


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