What characterizes a market as perfectly contestable?

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Entering the market involves expenses, but leaving it is free of chargeBoth entering and exiting the market incur no costsBoth entering and exiting the market require significant expensesEntering the market is free, but exiting requires paymentNone of the above

Explanation

A perfectly contestable market is one where firms can enter and leave without incurring any costs, ensuring no barriers to competition.