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Author Question: A contestable market is a market in which there are one or a few firms and entry into the market is ... (Read 117 times)

NguyenJ

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


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NguyenJ

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Reply #2 on: Jun 29, 2018
Thank you :)


ngr69

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Reply #3 on: Jun 29, 2018
Happy to help you


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