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:

Self-Identities

The recognition and understanding of one's own character, feelings, motives, and desires as distinct from the perceptions of others.

Internalized Attitudes

Personal views and feelings that individuals have deeply incorporated into their belief systems, often influencing their behavior unconsciously.

Ethical

Pertaining to or dealing with morals, the principles of morality pertaining to right and wrong conduct.

Moral

Pertaining to principles or rules of right conduct or the distinction between right and wrong; ethical.