Competition and Contestability

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=Q02jZJc5BnY

Many students use the words competition and contest ability interchangably whereas there are subtle but important differences between them. This video looks ...

competition, price war, oligopoly, price competition, non-price competition, contestability, contestable markets, sunk costs, entry barriers, pricing, theory of the firm, market structures, tutor2u, microeconomics
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