Contestability of markets depends crucially upon
a. the nationalization of these markets
b. large economies of scale
c. strong brand loyalty for existing firms
d. the presence of natural monopoly
e. the ability of new firms to enter the market
E
Economics
You might also like to view...
Which of the following is not a phase or turning point of the business cycle?
A) recession B) expansion C) shutdown D) trough
Economics
Using trade barriers to address labor standards does all of the following EXCEPT it
A) leads to deadweight losses. B) redistributes income. C) works more effectively for countries that are small relative to the total market. D) potentially makes conditions worse as production moves to the informal sector.
Economics