Which of the Following Is Not Correct About Contestable Markets

question 104

Multiple Choice

Which of the following is not correct about contestable markets?

• A)There is easy entry into and costless exit from the market.
• B)New firms entering the market can produce the product at the same cost as current firms.
• C)Firms exiting the market can easily dispose of their fixed assets by selling them elsewhere.
• D)Firms already in the market have technological advantages.
• E)b and c

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Definitions:

Eccrine Sweat Glands

Sweat glands that are found all over the body and help regulate body temperature by secreting a watery fluid onto the surface of the skin.

Homeostasis

The process by which biological systems maintain a constant internal environment despite changes in external conditions.

Body Temperature

The measure of the body's ability to generate and get rid of heat, reflecting the balance between heat production and heat loss.

Stratum Corneum

The outermost layer of the epidermis, consisting of dead skin cells that provide a barrier against infection and environmental threats.