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is assignment. u to all yuestions practiced in pod luck. Question 67 0.1 pts Which of the following is not correct about cont
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Answer #1

Due to presence of Chegg policy, I am answering one question.

67.

Ans: Firms already in the market have technological advantages.

Explanation: A contestable market is a market structure where there is freedom of entry and exit. It is a market structure which must have low sunk costs (non recoverable costs e.g. advertising). There is no relation or association with technological advantages.

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