If a Market Is Contestable, Then

question 128

Multiple Choice

If a market is contestable, then

• A)a cartel will form in the industry.
• B)economic profits are small or zero.
• C)firms face a vertical demand curve.
• D)there is a dominant firm in the market.
• E)none of the above

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Definitions:

Alkyne

A hydrocarbon that contains at least one carbon-carbon triple bond, characterized by the formula CnH2n-2.

1H NMR

A type of nuclear magnetic resonance spectroscopy focusing on the detection of hydrogen-1 isotopes, used to determine the structure of organic compounds.

KMnO4

Potassium permanganate is a chemical substance utilized as an oxidizing agent in a variety of chemical processes.

Major Organic Product

The primary product of an organic reaction, which is formed in the greatest amount.