A Market Is Not Contestable If

question 28

Multiple Choice

A market is not contestable if:

• A) entry to it and exit from it are both costly
• B) entry to it is costly, but exit from it is costless
• C) entry to it and exit from it are both costless
• D) entry to it is costless, but exit from it is costly

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Definitions:

Nonroutine Collective Action

Unplanned, spontaneous group action that arises in response to an event or situation, often in the context of protests or emergencies.

Short-Lived

Having a brief existence or duration; not lasting for a long time.

Violent Protests

Public demonstrations that involve aggressive behaviors, including harm to people or property, to express opposition against policies or actions.

Socially Unstable Protest

Demonstrations or movements that arise in contexts of social instability, often reflecting widespread discontent or demands for change.