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If a contestable market does not satisfy all of the conditions of a perfectly competitive market, that contestable market _______________ achieve resource allocative efficiency.

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User Lois
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1 Answer

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If a contestable market does not satisfy all of the conditions of a perfectly competitive market, that contestable market Could possibly achieve resource allocative efficiency..
In imperfect competitive market, there will always a business that have competitive advantage compared to other competitors. Which means the business could best other business without sweating too much on marketing simply by sheer quality
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User Minh Tuan Nguyen
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