A Contestable Market Necessarily Occurs When

question 62

Multiple Choice

A contestable market necessarily occurs when

• A) two or more firms are competing.
• B) potential entry holds down prices.
• C) the four- firm concentration ratio exceeds 50 per cent.
• D) the four- firm concentration ratio is less than 50 per cent.

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Definitions:

Environmental Pricing Strategy

Pricing methods that incorporate environmental costs, encouraging sustainable consumer behavior and product design.

Corporate Accountability

The responsibility of corporations to be answerable for their actions and decisions, particularly regarding their impact on society and the environment.

Sustainability Strategies

Approaches and practices designed to meet present needs without compromising the ability of future generations to meet their own needs, often focusing on environmental, economic, and social pillars.

Perception

The way in which something is regarded, understood, or interpreted by individuals.