Which of the Following Is Not a Condition of a Contestable

question 145

Multiple Choice

Which of the following is not a condition of a contestable market?

• A)There is easy entry into the market.
• B)There is costless exit from the market.
• C)New firms entering the market can produce the product at lower cost than current firms.
• D)Firms exiting the market can easily dispose of their fixed assets by selling them elsewhere.
• E)None of the above; that is, all of the above are conditions of a contestable market.

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Definitions:

American Forces

The military forces of the United States, including the Army, Navy, Marine Corps, Air Force, and Coast Guard.

National Security Policy

A set of principles and actions taken by a country to protect its national interests, sovereignty, and the well-being of its citizens from threats.

Defense Policy

A governmental policy focused on national defense and the means by which a country protects itself from external threats.

Policy Differences

Variations or disagreements in specific plans of action adopted or proposed by governments, organizations, or individuals to address public issues.