According to the theory of contestable markets, vigorous competition can take place even among few sellers if _______ and ______
A. Product is differentiated
B. Demand is infinitely elastic
C. Entry into the market is absolutely free
D. There are strong entry-exit barriers
E. Exit from the market is entirely costless.
Choose the correct answer from the options given below:
1
A and D only
2
B and E only
3
A and C only
4
C and E only