Which of the following options is characteristic of a contestable market? a. losses in the long run b.easy entry and exit of firms c.high profits in the long run d.substantial economies of scale
Which of the following options is characteristic of a contestable market? a. losses in the long run b.easy entry and exit of firms c.high profits in the long run d.substantial economies of scale
Chapter28: Antitrust And Regulation
Section: Chapter Questions
Problem 3E
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Which of the following options is characteristic of a contestable market?
a. losses in the long run
b.easy entry and exit of firms
c.high profits in the long run
d.substantial economies of scale
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