What is the relationship between start-up costs and a competitive market?
(A) There is no consistent relationship between start-up costs and the competitiveness of a market.
(B) Low start-up costs are likely to make a market less competitive.
(C) Markets with high start-up costs are more likely to be perfectly competitive.
(D) Markets with high start-up costs are less likely to be perfectly competitive.
Ans: (D) Markets with high start-up costs are less likely to be perfectly competitive.
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