KWT Study guides, Class notes & Summaries

To help A Level/IB economists. This essay covers the microeconomic topic of contestable markets. With a detailed outline of what these markets are it continues to the discuss the question of whether the threat of competition that occurs within a contestable market is now as powerful as actual competition in protecting the interests of consumers. The essay consists on 4 paragraphs, first a comparison of competitive vs contestable markets and in theory whether it does protect the interests of ...