What is the probable effect on producers and consumers when a market changes from non-contestable to contestable?
- Aproducers: gain from higher prices; consumers: gain from a wider choice of products
- Bproducers: gain from likely higher profits; consumers: lose from likely higher prices
- Cproducers: lose from likely lower output; consumers: lose from a reduced choice of products
- Dproducers: lose from likely lower profits; consumers: gain from likely lower prices