What Term Describes a Market Where a Monopolist Cannot Raise

question 34

Multiple Choice

What term describes a market where a monopolist cannot raise price above long run average cost?

• A)Blockaded
• B)Perfectly contestable
• C)Accommodated
• D)Deterred
• E)Predatory

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Definitions:

Antecedent

The earlier element in a logical statement, usually preceding the consequence in a conditional sentence.

Consequent

The outcome or result in a conditional statement, typically following the word "then" in an "if...then" construct.

Proposition

A comment that denotes a judgment or viewpoint.

Consequent

In logic, this refers to the outcome in a conditional statement, which follows from its condition (if-then statement).