Multiple Choice
Which of the following is a feature of a contestable market?
A) There are several firms in the market serving many consumers.
B) There is a single firm in the market serving many consumers.
C) The market price is equal to marginal cost.
D) There is a single firm in the market serving many consumers and the market price is equal to marginal cost.
Correct Answer:
Verified
Correct Answer:
Verified
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