A Contestable Market Is One in Which There Are

question 86

Multiple Choice

A contestable market is one in which there are

• A) one or a few firms, and entry into the market is costly.
• B) one or a few firms, and entry into the market is not costly.
• C) many firms, and entry into the market is costly.
• D) many firms, and entry into the market is not costly.

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Definitions:

Media Outlet

A publication or broadcast program that disseminates news, information, or entertainment to the public.

Story's Relevance

The significance or importance of a narrative or event to a particular audience or context.

Kurt Lewin

A pioneer in social, organizational, and applied psychology in the early 20th century, known for his leadership styles and the change management model.

Gatekeeper

A person who controls access to the media and decides if a story or news item will be published, posted, or put on the air at a TV or radio station, for example, an editor, producer, or reporter.