A Contestable Market Is One Where fiRms Can Enter and Exit

question 40

True/False

A contestable market is one where firms can enter and exit a market freely.

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Definitions:

Rectangular Room

A prism-shaped space with four walls at right angles to each other, typically used to describe a standard room shape.

Circular Rug

A rug in the shape of a circle, often used as a decorative piece in homes.

Radius

The measurement from the middle of a circle to a point on its outer boundary.

Percent

A ratio or fraction expressed as part of 100, used to describe proportions, rates, or relative quantities.