Prep
Bee
Pakistan
Free MCQ Practice Platform for Govt Job Exams
Home
MCQs
Quiz
Past Papers
FIA Prep
Contact
Quiz Mode
Login
Register
Preparing your study page...
Home
MCQs
Economics
MEDIUM
ENGLISH
Economics
Which of the following statements is False ?
A
participants in a contestable market are continuously faced with competition or the threat of competition because entry is cheap
Option A
B
In a contestable market, economic profits cannot persist in the long run.
Option B
C
In a contestable market forces will guarantee that the firms produce efficiently or be driven out of business
Option C
For a market to be contestable, the product must be produced with a labor-intensive technology
Correct answer
Correct answer: D
Explanation
No explanation provided for this MCQ yet.
Hide Answer
Hide Explanation
Start Related Quiz
Submit Correction
More MCQs