Ceteris paribus, a firm that operates without any direct competitors but is in a contestable market (with no significant barriers to entry) is expected to:

Select one:
a. Charge higher prices and produce lower output than a monopoly that enjoys high barriers to entry.
b. Charge lower prices and produce lower output than a monopoly that enjoys high barriers to entry.
c. Charge higher prices and produce more output than a monopoly that enjoys high barriers to entry.
d. Charge lower prices and produce more output than a monopoly that enjoys high barriers to entry.

In a contestable market without barriers to entry, firms are expected to charge lower prices and produce more output compared to monopolies with high entry barriers.

Explanation:

A firm operating without any direct competitors, but in a contestable market with no significant barriers to entry, is expected to charge lower prices and produce more output compared to a monopoly with high barriers to entry. In a contestable market, the threat of new entrants keeps prices in check and encourages higher output levels.

Learn more about Market Competition here:

https://brainly.com/question/7024827