A Contestable Market Is One in Which There Are

question 30

Multiple Choice

A contestable market is one in which there are

• A) one or a few firms and entry into the market is not costly.
• B) many firms and entry into the market is not costly.
• C) one or a few firms and entry into the market is costly.
• D) many firms and entry into the market is costly.

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Definitions:

Spontaneously

Occurring without external cause or intervention; happening naturally.

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A set of principles that Girl Scouts promise to follow, guiding their actions and decisions in a positive manner.

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The quality or state of being noticeably happy and optimistic.

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A psychologist known for his groundbreaking research on obedience to authority, including the famous Milgram experiment.