A market in which firms can enter if they choose and exit without losing money invested is
A. pure monopoly.
B. duopoly.
C. contestable.
D. a market where there are kinked demand curves.
Answer: C
Economics
You might also like to view...
A jar has 20 red jelly beans and 40 black jelly beans. If you pick a red jelly bean and put it back, what are the odds of picking a black jelly bean next?
A) 20/40 B) 20/60 C) 40/60 D) 1 (100%)
Economics
A decrease in the supply of money will, according to the quantity theory of money, lead to
A) a higher price level. B) a higher nominal Gross Domestic Product (GDP). C) a lower real Gross Domestic Product (GDP). D) a lower price level.
Economics