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:

Business Report

A formal document that presents information and analysis to assist in decision-making within a business context.

Key Points

The most important or central ideas, facts, or pieces of information relating to a topic or discussion.

Methods and Approaches

Methods and approaches refer to the systematic techniques and strategies used to achieve a specific goal or solve a problem.

Proposal

A formal suggestion or plan put forward for consideration or discussion by others.