A market that lets entry or exit occur at any time. It has a few businesses in this market leaving room for new members. If some profit is made than more businesses will come and take advantage of the interest and enter the market.

More On This Topic

Link to This Definition
Did you find this definition of CONTESTABLE MARKET helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary