A Market Is Defined as Contestable If Entry to It

question 207

Multiple Choice

A market is defined as contestable if entry to it

• A) is easy, but exit from it is difficult.
• B) is difficult, but exit from it is easy.
• C) and exit from it are both difficult.
• D) and exit from it are both easy.

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Definitions:

Standard Deviation

A parameter that assesses the extent of difference or range within a batch of numerical values.

Risk-Averse Investor

An investor who prefers lower returns with known risks rather than higher returns with unknown risks.

Slope of the Budget Line

The rate at which one good can be traded for another, reflecting the relative prices of two goods.

Standard Deviation

An indicator that calculates how much a group of figures deviates or scatters from each other.