The Theory of Contestable Markets Places More Emphasis Than Orthodox

question 6

Multiple Choice

The theory of contestable markets places more emphasis than orthodox market structure theories on

• A)the number of sellers in an industry.
• B)the type of product produced in an industry.
• C)the issue of entry into and exit from an industry.
• D)who has access to relevant information.

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Definitions:

Aquatic Predators

Organisms that live in water environments and obtain their energy and nutrients by hunting and consuming other aquatic organisms.

Radiolaria

Heterotrophic single-celled protists with a porous shell of silica and cytoplasmic extensions.

Foraminifera

Heterotrophic single-celled protists with a porous calcium carbonate shell and cytoplasmic extensions.