Which of the Following Is Not a Condition of a Contestable

question 85

Multiple Choice

Which of the following is not a condition of a contestable market?

• A)There is easy entry into the market.
• B)There is costless exit from the market.
• C)New firms entering the market can produce the product at lower cost than current firms.
• D)Firms exiting the market can easily dispose of their fixed assets by selling them elsewhere.

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Fines or sanctions imposed by a government agency as punishment for violations of legal statutes or regulations.

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Legal sanctions imposed for violating tax laws, including fines or imprisonment.

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A simplified U.S. federal income tax form for single and joint filers with no dependents that was used to report taxable income under certain conditions, now discontinued.

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