The Theory of Contestable Markets Considers

question 10

Multiple Choice

The Theory of Contestable Markets considers:

• A) The likelihood of technology improving
• B) The possibility of economies of scale
• C) The likelihood of other firms entering the market
• D) The likelihood of higher profits

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Definitions:

Durable Item

A piece of equipment that is used repeatedly, such as a telephone, computer, or examination table; contrast with expendable item.

Examination Gloves

Protective gloves used by healthcare professionals during examinations to prevent contamination and spread of infections.

Stethoscope

A medical instrument used by healthcare professionals to listen to internal body sounds, such as heart and lung sounds.

Prescription Pad

A pad of prescription forms used by a doctor to write orders for medication.