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The theory of contestable markets is offered to identify the relevant market structure for the deregulated transportation environment.Explain the theory.
Intangible Assets
Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.
Long-Lived Assets
Assets that are expected to provide economic benefits to a company for a period longer than one year.
Physical Substance
An attribute indicating that an asset has tangible form and can be perceived by the senses.
Copyright
A legal right granting the creator of an original work exclusive rights to its use and distribution, typically for a limited time.
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