What does market contestability refer to?

4.1.5.9 Contestable markets notes

Quiz
•
Social Studies
•
Professional Development
•
Medium

James Hannaford
Used 3+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How easily new firms can enter and exit a market
The regulatory policies affecting the market
The profit margins that existing firms enjoy
The number of products available in the market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a benefit of highly contestable markets?
Efficiency boost in firms
Reduced innovation
Higher barriers to entry
Increased monopoly power
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What impact do contestable markets have on consumer welfare?
Increased exploitation by dominant firms
Encouragement of competitive pricing and quality
Limited consumer choices
Decreased product quality
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do contestable markets influence innovation?
They prevent new firms from entering the market
They lead to a decrease in new product development
They spur innovation and technological advancement
They discourage technological advancement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does market contestability play in entrepreneurship?
It has no impact on entrepreneurship
It discourages new business ventures
It encourages entrepreneurship and new business ventures
It increases the financial risks for startups
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are sunk costs?
Operational costs that are variable
Costs that have already been incurred and cannot be recovered
Future expenses that are expected to be incurred
Profits made from previous investments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is hit-and-run competition?
A method to permanently lower market prices
A long-term market entry strategy
A strategy where new entrants quickly enter and exit the market
A regulatory approach to control market entry
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
4.1.5.8 Dynamics of Competition notes

Quiz
•
Professional Development
14 questions
Entrepreneurship Quiz

Quiz
•
Professional Development
16 questions
4.1.4.8 Technological Change and Its Impact - video

Quiz
•
Professional Development
10 questions
3.1.4.3 Perfectly Competitive Market Quiz

Quiz
•
Professional Development
10 questions
Trade Policy and Free Trade

Quiz
•
Professional Development
10 questions
4.1.5.4 Monopolistic competition notes

Quiz
•
Professional Development
16 questions
4.1.5.3 Competitive Markets - Pros, Cons and Evaluation video

Quiz
•
Professional Development
17 questions
Globalisation & Indian Economy Part 1

Quiz
•
10th Grade - Professi...
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade