Which Increases the Contestability of a Market

question 9

Multiple Choice

Which increases the contestability of a market?
I. low fixed costs of entry
II. no legal barriers to entry
III. consumers are willing to try substitute goods

• A) I, II, and III
• B) II and III only
• C) I only
• D) II only

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Definitions:

SQUID

A device used in physics and medical imaging that measures extremely subtle magnetic fields, short for Superconducting Quantum Interference Device.

Magnetic Fields

Invisible fields that exert a force on particles that are electrically charged or are magnetically polarized, extending from magnetic objects.

Neurons

Dedicated cells in the nervous system whose function is to communicate information to other nerve cells, muscle tissue, or glands.

Endocrine Glands

Glands of the endocrine system that release hormones directly into the bloodstream to regulate various bodily functions.