What is necessary for a firm to be part of a perfectly ...

[tfester]

What is necessary for a firm to be part of a perfectly contestable market?
 
  What will be an ideal response?

Question 2

If real GDP increases from 5 billion to 5.25 billion and the population increases from 2 million to 2.02 million, real GDP per person increases by ___ percent.
 
  A. 5.0
  B. 1.0
  C. 2.5
  D. 4.0

[Heffejeff]

Answer to Question 1

To be part of a perfectly contestable market, the firm must have capital that is both mobile and easily transferable from one market to another.

Answer to Question 2

D Real GDP grows by 5 percent and the population grows by 1 percent, so real GDP per person grows by 4 percent.

[tfester]

Gracias!

[frankwu0507]

Thanks for the timely response, appreciate it