A Market's Boundaries Are Defined by

question 58

Multiple Choice

A market's boundaries are defined by

• A)the geographies of the markets that are supplied by the incumbents.
• B)the type of product which is sold, and the type of customers willing to pay for the product.
• C)substitutability on the demand side and on the supply side.
• D)substitutability on both the demand side and the supply side, combined with an element of judgment depending on context and purpose.