Many Small U

question 135

Multiple Choice

Many small U.S. cities are served by only one or two airlines. If a price increase in these markets allows other airlines to quickly and easily enter the market and compete, economists would call these markets

• A) contestable markets.
• B) high entry markets.
• C) conventional markets.
• D) monopolistic markets.

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Definitions:

Dependent Variable

In experimental research, it is the variable being tested and measured, expected to change as a result of manipulations of the independent variable.

Internal Validity

The extent to which a study or experiment accurately establishes a cause-and-effect relationship between a treatment and its observed outcome.

Moderate Length

Refers to something not too long nor too short, typically considered to be of a reasonable or acceptable size or duration.

Complete Answers

Responses or solutions that comprehensively address questions or problems, leaving no aspect unexplored.