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- W2357194029 abstract "Hit-and-run entry can compel the contestable market to socially desirable performance in the theory of perfectly contestable market. Even in oligopoly and natural monopoly market,contestability can ensure without profits above normal level,without inefficient firms,without cross subsidy,marginal pricing in oligopoly market and Ramsey pricing in natural monopoly market. The theory of perfectly contestable market generalizes the theory of perfectly competitive market,which can substitute perfect competition as performance benchmark. It is not necessary to regulate in contestable market,which is base for deregulation in developed countries such as U.S. at the beginning of 1980s." @default.
- W2357194029 created "2016-06-24" @default.
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- W2357194029 date "2009-01-01" @default.
- W2357194029 modified "2023-09-24" @default.
- W2357194029 title "Review on the Theory of Perfectly Contestable Market" @default.
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