Which of the Following Is Not Correct About Contestable Markets

question 58

Multiple Choice

Which of the following is not correct about contestable markets?

• A)There is easy entry into and costless exit from the market.
• B)New firms entering the market can produce the product at the same cost as current firms.
• C)Firms exiting the market can easily dispose of their fixed assets by selling them elsewhere.
• D)Firms already in the market have technological advantages.

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Definitions:

Heredity

The passing of traits from parents to offspring through genetic information.

Genes

Units of heredity made up of DNA that act as instructions to make molecules called proteins.

Epigenetic Molecules

Chemical compounds that can alter gene expression without changing the DNA sequence, affecting cellular function and health.

Neurotransmitters

Chemical substances that transmit signals across a synapse from one neuron to another neuron or target cell.