A contestable market is one in which there are
A) one or a few firms, and entry into the market is costly.
B) one or a few firms, and entry into the market is not costly.
C) many firms, and entry into the market is costly.
D) many firms, and entry into the market is not costly.
B
Economics
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Positive economics answers the question, "What ought to be?" Normative economics predicts the consequences of alternative actions, answering the questions, "What is?" or "What will be?"
Indicate whether the statement is true or false
Economics
Equilibrium in the loanable funds market determines
A) the real interest rate. B) the nominal interest rate. C) the current interest rate. D) the expected interest rate.
Economics