1.4. For each of the pairs below, determine which business is more likely to operate in a contestable market, and explain why.

a. The only clothing store in a small town vs.

the only natural gas provider in a small town

b. The only clothing store in a small town vs. the only cable TV provider in a small town (What recent technologies makes b different from a?)

c. De Beers diamond mining vs. H&R Block tax preparation services