Q
A market is defined as perfectly contestable if ?
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A
A. Entry to it and exit from it are both costless
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B
B. Entry to it and exit from it are both costly
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C
C. Entry to it costless, but exit from it is costless
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D
D. Entry to it is costly, but exit from it is costless
Correct Answer:
A. A. Entry to it and exit from it are both costless
