Which Is NOT a Factor That Increases the Contestability of Markets

question 143

Multiple Choice

Which is NOT a factor that increases the contestability of markets?

• A) Fixed costs of market entry are low, relative to potential revenue.
• B) The incumbent has no unique, hard-to-replicate resource.
• C) Consumers are not open to the prospect of dealing with a new competitor.
• D) There are few or no legal barriers to entry.

---

Definitions:

Subsidiary Ledger

A detailed ledger that provides a breakdown of individual transactions affecting a specific general ledger account, facilitating in-depth analysis and reconciliation.

General Ledger

A comprehensive record of all financial transactions over the life of a company.

Individual Balances

The amounts recorded in separate accounts representing various assets, liabilities, or equity of an individual or entity.

Special Journal

A specialized accounting journal designed to record a particular type of transaction consistently, such as sales or cash disbursements.