According to the Contestable Markets Theory

Multiple Choice

According to the contestable markets theory,

A) even if an industry is comprised of a small number of firms, this is not sufficient evidence that the firms perform in a noncompetitive way.
B) profits cannot be zero in an industry if the number of sellers in the industry is small.
C) if a market is contestable, inefficient producers are more likely to survive than if the market is not contestable.
D) b and c
E) a, b, and c