A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2019 · Q61 Mark
What is a perfectly contestable market?
Amarket in which the costs of entry and exit are zero
Bmarket in which there are high barriers to entry
Cmarket that has high sunk costs
Dmarket that uses price discrimination
✓ Correct answer
A: market in which the costs of entry and exit are zero
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