A Market Is Contestable If

question 153

Multiple Choice

A market is contestable if

• A)the number of firms is larger than oligopoly.
• B)firms spend a lot on advertising.
• C)there is free entry and exit.
• D)firms have kinked demand curves.

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Definitions:

Fall Alert Alarm

A device designed to notify caregivers or emergency services when a person has fallen, to ensure quick assistance.

High Risk

Pertaining to a situation, condition, or activity that carries a significant chance of negative outcomes or dangers.

Bath Mat

A mat placed on the floor of a bathroom to prevent slipping when exiting the bath or shower, often made of absorbent materials.

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Flexible plastic tubing used to deliver fluids, medications, or nutrients directly into the veins.