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Critics of contestability theory

Critics of contestability theory argue which: (i) easy entry and exit isn't enough to make sure competitive prices. (ii) even though the firms charged a competitive price for their goods, that they would not have the incentive to make the competitive level of output. (iii) a viable threat of entry is not sufficient to guarantee competitive prices, actual entry should occur. (v) minor barriers to entry exist in virtually all markets.

Hey friends please give your opinion for the problem of Economics that is given above.

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