Author Question: ___________ is a process rather than an end-state, beginning with an unsatisfied need that creates ... (Read 151 times)

washai · **on:** Jul 1, 2018

___________ is a process rather than an end-state, beginning with an unsatisfied need that creates tension or direction.

a. Expertise
b. Motivation
c. Resilience
d. Challenge

Question 2

Contestable markets can be competitive with only a few firms.

Indicate whether the statement is true or false

whitcassie · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

T Entry is so easy in a contestable market that even with just one firm selling, if it sets its price too high entrants will undercut it and steal the market, or at least part of it.