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William Baumol
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William Baumol

American economist
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Learn about this topic in these articles:

  • economics
    economics
    / Industrial organization

    …market structures is American economist William Baumol’s concept of “contestable markets”: if a market is easy to enter and to exit, it is “contestable” and hence workably competitive.

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    …market structures is American economist William Baumol’s concept of “contestable markets”: if a market is easy to enter and to exit, it is “contestable” and hence workably competitive.

    Read More