A contestable market is a market in which there are one or a few firms and entry into the market is ...

Author Question: A contestable market is a market in which there are one or a few firms and entry into the market is ... (Read 114 times)

NguyenJ

Hero Member
Posts: 516

on: Jun 29, 2018

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

Sr. Member
Posts: 318

Reply #1 on: Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

TRUE

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NguyenJ

Hero Member
Posts: 516

Reply #2 on: Jun 29, 2018

Thank you

ngr69

Sr. Member
Posts: 318

Reply #3 on: Jun 29, 2018

Happy to help you

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