The contestable market model is the oligopoly model which results in
A. the greatest inefficiency.
B. the highest profits.
C. the greatest efficiency.
D. the greatest deadweight loss.
Answer: C
You might also like to view...
Tariffs benefit the consumers of the import-competing goods
Indicate whether the statement is true or false
Another name for stockholder wealth maximization is
A) profit maximization. B) maximization of earnings per share. C) maximization of the value of the common stock. D) maximization of cash flows.
A characteristic of a public good is that a public good is provided
A) to some businesses, but not to others. B) only in some states. C) to low income residents in some states. D) to many individuals at no additional cost.
The vertical distance between the total variable cost and total cost curves
A. is everywhere equal to total fixed cost. B. increases at a decreasing rate. C. is everywhere equal to zero. D. is everywhere equal to marginal cost.