In a Contestable Market the Costs of Entering and Leaving

question 446

Multiple Choice

In a contestable market the costs of entering and leaving the market are very

• A) high.
• B) low.
• C) low, but firms have no incentive to enter or leave.
• D) high and firms have no incentive to leave.

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Definitions:

Gene Expression

The process by which the information encoded in a gene is used to direct the assembly of a protein molecule.

Synaptic Connections

The points at which neurons in the brain or nervous system communicate with one another, playing a critical role in the transmission of neural signals.

Fetal Brain Development

The process by which the brain grows and develops during pregnancy, including the formation of neural pathways.

Hypothalamic-pituitary-adrenal Axis

A major part of the neuroendocrine system controlling reactions to stress and regulating many body processes, including digestion, the immune system, mood and emotions, and energy storage and expenditure.