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Which of the Following Quotes Shows a Contestable Market in the Widget

Question 66

Multiple Choice

Which of the following quotes shows a contestable market in the widget industry?


A) "I am producing extra widgets, even though it costs me short-run profits, to stop Wally's Widgets from expanding into my market."
B) "I am producing more widgets than Wally and I agreed to in our talk last week."
C) "If only Wally and I could agree on a higher price, we could make more profits."
D) "I have been spending extra on research and development of my new two-way widget."
E) None of the above

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