Examlex
The following fraction has a terminating decimal equivalent form. Express its decimal and percent equivalent forms to five-figure accuracy:
Contestable Market
A market where companies can enter and exit freely, with low barriers to entry and exit, leading to competitive prices and efficient outcomes.
Low Entry And Exit
Refers to markets where there are minimal barriers to starting or exiting a business, leading to high levels of competition and innovation.
Highly Contested
Describes a situation, item, or issue that is the subject of intense competition or dispute among parties.
Price Searchers
Firms or individuals that have the flexibility to set their prices because they offer unique products or services and face little to no direct competition.
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