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A decrease in the expected price level shifts short-run aggregate supply to the
Contestable Market
A market where there are no barriers to entry or exit, allowing for potential competitors to enter the market easily, keeping prices competitive.
Market Entry
The process or strategy by which a company enters into a new market or industry, often involving overcoming barriers to entry and competition.
Market Exit
The process of a company or business stopping operations or leaving a specific market or industry.
Concentration Ratio
The share of industry output in sales or employment accounted for by the top firms.
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