A contestable market is similar to a perfectly competitive market in that there
A) can be only one firm in the market.
B) will be no entry if the existing firm earns an economic profit.
C) are barriers to entry.
D) are no barriers to entry.

Name: A contestable market is similar to a perfectly competitive market in that there A) can be only one firm in the market. B) will be no entry if the existing firm earns an economic profit. C) are barriers to entry. D) are no barriers to entry.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

The Answer is D

A Contestable Market Is Similar to a Perfectly Competitive Market