A Market Is Defined as Contestable If Entry to It

question 207

Multiple Choice

A market is defined as contestable if entry to it

• A) is easy, but exit from it is difficult.
• B) is difficult, but exit from it is easy.
• C) and exit from it are both difficult.
• D) and exit from it are both easy.

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Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Self-fulfilling Prophecy

A belief or expectation that influences behaviors in a way that causes that belief to become true.

Learned Helplessness

A condition resulting from a person or animal learning that their actions have no effect on the environment, leading to a lack of motivation or depression.

Stereotype Threat

The risk of conforming negatively to a stereotype about one's group, which can diminish performance in affected individuals.