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:

Urogenital Sinus

A part of the embryonic development in mammals where the urinary and genital tracts are combined into a single channel.

Prostate Gland

A gland in the male reproductive system that produces a fluid that nourishes and transports sperm during ejaculation.

Ductus Deferens

A muscular tube in the male reproductive system that carries sperm from the epididymis to the ejaculatory duct.

Uterine Body

The central part of the uterus where a fetus develops during pregnancy.