Which of the Following Is Not a Condition of a Contestable

question 145

Multiple Choice

Which of the following is not a condition of a contestable market?

• A)There is easy entry into the market.
• B)There is costless exit from the market.
• C)New firms entering the market can produce the product at lower cost than current firms.
• D)Firms exiting the market can easily dispose of their fixed assets by selling them elsewhere.
• E)None of the above; that is, all of the above are conditions of a contestable market.

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Definitions:

Primary Reinforcers

Basic needs or stimuli such as food, water, or warmth that are naturally rewarding and motivate behavior without learning.

Fixed-interval

A schedule of reinforcement where responses are reinforced after a specified amount of time has passed, used in the study of behavior.

Variable-interval

In operant conditioning, a reinforcement schedule in which a response is rewarded after an unpredictable amount of time has passed.

Fixed-ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses.