Even when a market appears to be a monopoly,it can be contestable if there are many potential entrants.

Name: Even when a market appears to be a monopoly,it can be contestable if there are many potential entrants.
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A market can be contestable if there are many potential entrants, even if it appears to be a monopoly. This is because the threat of new entrants keeps the incumbent monopolist on its toes and prevents it from raising prices or being complacent.

Even When a Market Appears to Be a Monopoly,it Can