contestability 可竞争性
- According to the theory of contestable market, performance of firms or industries is affected to a large extent by the markets' contestability.
根据可竞争市场理论,企业和行业的经济绩效在很大程度上取决于市场可竞争性。 - On the contrary, if there are high barriers to entry and low contestability, incumbents will always abuse their market power and incur some kinds of efficiency losses.
如果市场进入壁垒很高,市场可竞争程度很低,在位厂商可以免受竞争的压力,因而往往滥用市场势力,造成种种效率损失。
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