A market is defined as perfectly contestable if ?

A. entry to it and exit from it are both costless
B. entry to it and exit from it are both costly
C. entry to it costless, but exit from it is costless
D. entry to it is costly, but exit from it is costless

Correct Answer: entry to it and exit from it are both costless ✔

Last Updated: June 18, 2019