Author Question: A contestable market is a market in which there are one or a few firms and entry into the market is ... (Read 132 times)

NguyenJ

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A contestable market is a market in which there are one or a few firms and entry into the market is not costly.
 
  Indicate whether the statement is true or false

Question 2

Technological efficiency occurs when the firm produces a given output by using the least amount of inputs.
 
  Indicate whether the statement is true or false



ngr69

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Answer to Question 1

TRUE

Answer to Question 2

TRUE



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