Write the four characteristics of contestable markets
Part of the debate among economists on US airline deregulation in the 1978 involved the theory of contestable markets. List the four characteristics of contestable markets and evaluate how well airline markets meet these criteria.
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In 1978 involved the theory of contestable markets. Write the four characteristics of contestable markets and estimate how well airline markets meet these criteria.
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Write down the predicted prices? Give aviation industry examples of routes or markets that might approximate each of these two outcomes.
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