Which of the Following Is NOT a Determinant of Market

question 25

Multiple Choice

Which of the following is NOT a determinant of market structure?

• A)The number of sellers.
• B)The nature of the product.
• C)The ease of entering the industry.
• D)The capital-labour ratio of the firm.
• E)The market share of the sellers.

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Definitions:

Business Registration

The process of officially recording a new business with the relevant governmental authority.

Express or Implied Agreement

A mutual understanding between parties to a contract where terms are specifically stated (express) or suggested by actions or circumstances (implied).

Partnership Capital

Funds contributed by partners to a partnership for the purpose of financing its operations, shared according to the partnership agreement.

Majority of Partners

The term "majority of partners" refers to more than half of the individuals in a partnership who hold the power to make decisions binding the partnership.