In Contestable Markets, Large Oligopolistic Firms End Up Behaving Like

question 126

Multiple Choice

In contestable markets, large oligopolistic firms end up behaving like

• A) monopolistically competitive firms.
• B) a monopoly.
• C) perfectly competitive firms.
• D) a cartel.

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Definitions:

Sleep Apnea

A disorder affecting sleep, marked by breaks in breathing or shallow breaths while asleep.

Physician

A medical professional who diagnoses and treats illnesses and injuries, providing care and guidance on health maintenance.

Continuous Positive Airway Pressure

A therapeutic device used in treating sleep apnea that provides a constant stream of air to keep the airway open during sleep.

CPAP

Continuous Positive Airway Pressure, a treatment often used for individuals with obstructive sleep apnea that uses mild air pressure to keep the airways open during sleep.