In a "Contestable Market" It Is Actual Entry Rather Than

question 24

True/False

In a "contestable market" it is actual entry rather than the threat of entry that keeps prices at their competitive level.

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Definitions:

Fail Relay Coil

A coil within a relay that operates to open or close the circuit contacts in response to electrical failures, ensuring protection and control in electrical systems.

ABS Warning Light

An indicator light on a vehicle's dashboard that alerts the driver to a problem with the Anti-lock Braking System.

ABS Function

The Anti-lock Braking System's role in preventing wheel lockup during braking, ensuring better vehicle control and decreasing stopping distances.

EBS

Electronic Braking System, which uses electronic signals to activate the vehicle's brake mechanisms.