When Deciding Which Structure Best Describes a Market, You Will

question 48

Multiple Choice

When deciding which structure best describes a market, you will need to know which of the following?
(i) the number of sellers
(ii) the type of product being sold
(iii) the average fixed cost curves for the given firms

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(i), (ii) and (iii)

---

Definitions:

Foreign Markets

Markets outside the domestic borders where companies can expand their operations and sales.

Controversial Practice

Refers to a method or procedure that generates public disagreement or debate due to differing opinions on its ethics, effectiveness, or impact.