Characterized contestable markets

Industries that are described as "contestable": (w) will experience long-run economic profits equal to zero. (x) are difficult for firms to enter, but not to exit. (y) are difficult for firms to exit, but not to enter. (z) will charge prices greater than marginal cost and generate less than a similar industry which was perfectly competitive.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Business Economics

  • Q : Meaning of Modigliani-Miller Briefly

    Briefly describe the meaning of Modigliani- Miller (M and M) approach?

  • Q : Elucidate types of unemployment

    Elucidate types of unemployment?

  • Q : Describe four important areas to

    Describe four important areas to emphasize Expenditures?

  • Q : Why does the supply curve slope upward

    Explain the law of supply. Why does the supply curve slope upward?

  • Q : Describe two kinds of efficiency Full

    Describe two kinds of efficiency Full production imply?

  • Q : Competitive market economy will make

    Briefly explain how the competitive market economy will make the needed adjustments to reestablish an efficient allocation of society’s scarce resources?

  • Q : What are the major legal forms of

    What are the major legal forms of business organization?

  • Q : Impact of dollar on aspects of


    Question

    Discuss the impact of dollar depreciation on the various aspects of American Economy.

    Devaluation of the Dollar

    Introduction:

  • Q : Economics chapter 1 Suppose that on the

    Suppose that on the basis of a nation's production curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9,000 pizzas. Relate this information to the following statement: "Thr

  • Q : Fruit Question: Read the following

    Question:

    Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

    Discover Q & A

    Leading Solution Library
    More Than 13,68,890 Solved problems, classrooms assignments, textbooks solutions, papers, essays
    No hassle, Instant Download
    Start Discovering

    18,76,764

    Questions
    Asked

    21,311

    Experts

    9,67,568

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    2015 ©TutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.