In a Contestable Market There Does Not Always Need to Be

question 9

True/False

In a contestable market there does not always need to be actual competition to keep prices relatively low - just the threat of competitors entering the market.

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Definitions:

Bone

A hard, dense connective tissue that forms the structural elements of the skeleton in vertebrates.

Kidneys

Organs that filter waste products from the blood, regulate blood pressure, and maintain electrolyte balance, among other functions.

Hypothalamus

A region of the brain responsible for hormone production and regulation of vital bodily functions, including temperature, hunger, and thirst.

Oxytocin

A hormone released by the pituitary gland that causes increased contraction of the uterus during labor and stimulates the ejection of milk into the ducts of the breasts.