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) profits cannot be zero in an industry if the number of sellers in the industry is large.