Which of the following statements is TRUE about contestable markets?
A)There are significant barriers to entry.
B)Firms earn large economic profits.
C)Each firm faces a perfectly elastic demand.
D)There are few firms in the industry.
E)None of the above.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is TRUE about contestable markets?
A)There are significant barriers to entry.
B)Firms earn large economic profits.
C)Each firm faces a perfectly elastic demand.
D)There are few firms in the industry.
E)None of the above.

Which of the Following Statements Is TRUE About Contestable Markets