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    The theory of contestable markets

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    __________ yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model.

    Baumol's sales maximization hypothesis

    The Pareto optimality condition

    The Cournot model

    The theory of contestable markets

    none of the above

    © BrainMass Inc. brainmass.com April 3, 2020, 3:39 pm ad1c9bdddf
    https://brainmass.com/economics/perfect-competition/the-theory-of-contestable-markets-81877

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    The theory of contestable markets yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model. ...

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