A Market's Boundaries Are Determined By

question 49

Multiple Choice

A market's boundaries are determined by:

• A)The geographical extent 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)Price homogeneity-within the confines of a market,a single price rules
• D)Substitutability on both the demand side and the supply side

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