Quizalize logo
placeholder image to represent content

Contestability

Quiz by Victoria Sage

Feel free to use or edit a copy

includes Teacher and Student dashboards

Measure skills
from any curriculum

Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.

With a free account, teachers can
  • edit the questions
  • save a copy for later
  • start a class game
  • automatically assign follow-up activities based on students’ scores
  • assign as homework
  • share a link with colleagues
  • print as a bubble sheet

Our brand new solo games combine with your quiz, on the same screen

Correct quiz answers unlock more play!

New Quizalize solo game modes
5 questions
Show answers
  • Q1
    What is contestability?
    The degree to which a market achieves perfect competition
    The degree to which a market allows monopolistic practices
    The degree to which a market restricts entry of new firms
    The degree to which a market allows new firms to enter and compete
    30s
  • Q2
    What is a barrier to entry in a market?
    Any factor that makes it difficult for new firms to enter and compete in a market
    A factor that promotes competition and entry in a market
    A factor that ensures market stability
    A factor that only affects monopolistic markets
    30s
  • Q3
    What are some examples of barriers to entry in a market?
    Low capital requirements, technological advancements, open market policies
    Low production costs, consumer preferences, market demand
    Monopolistic practices, government subsidies, limited competition
    High capital requirements, economies of scale, legal restrictions
    30s
  • Q4
    What is the difference between contestable markets and perfect competition?
    In both markets, potential competitors have the ability to enter and exit the market freely, while in perfect competition, a large number of small firms already exist in the market
    In perfect competition, potential competitors have the ability to enter and exit the market freely, while in contestable markets, a large number of small firms already exist in the market
    There is no difference between contestable markets and perfect competition
    In contestable markets, competition is based on product differentiation, while in perfect competition all products are identical
    30s
  • Q5
    What are some characteristics of contestable markets?
    Low barriers to entry, potential for firms to enter and exit freely, absence of sunk costs
    Low barriers to entry, limited entry and exit options, presence of sunk costs
    High barriers to entry, limited entry and exit options, presence of sunk costs
    High barriers to entry, potential for firms to enter and exit freely, absence of sunk costs
    30s

Teachers give this quiz to your class