--%>

Problem on market boundaries

The market’s boundaries are stated by: (i) Legislation. (ii) The number of sellers and buyers in the market. (iii) The ease of trading among sellers and buyers. (iv) Geographical borders.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : More unit gains marginal revenue by

    A firm which can sell each and every unit of its production at a price of $200 and that sells 500 more units gains marginal revenue by the additional units of: (w) $500,000. (x) $100,000. (y) $200. (z) $10,000. I n

  • Q : Demand in Dynamics The raise in the

    The raise in the supply of potatoes is probable to decrease the: (i) Supply of potato harvesters. (ii) Demand for pasta and rice. (iii) Price of Big Macs. (iv) Quantity of ketchup people put on hot-dogs. (e) Budgets of most house-holds.

  • Q : Discrimination and Efficiency When

    When firms possess market power, national output and employment are least likely to be reduced as a result of: (1) occupational discrimination. (2) human capital discrimination. (3) wage and price discrimination. (4) personal discrimi

  • Q : Risk-Return-Diversification The below

    The below table presents the three possible states for stocks A and B returns. (a) De

  • Q : Why demand curve is more elastic Why

    Why demand curve is more elastic under monopolistic competition as compare to monopoly.

  • Q : Taft-Hartley Act and Closed Shops Can

    Can someone help me in finding out the right answer from the given options. The Taft Hartley Act of 1946 made it illegal to encompass a: (1) Right-to-work law passed by the state legislature. (2) Conviction for the misdemeanor and serve as union officer. (3) Union for

  • Q : Demand for product when its sales fall

    When a 10% hike in the price of paisley socks causes sales to fall with 20%, the demand for such socks is: (1) perfectly inelastic. (2) relatively inelastic. (3) unitarily elastic. (4) relatively elastic. (5) perfectly elastic. <

  • Q : Demand of a competitive firm The

    The competitive firm will demand more labor when: (i) Technological advances support automation. (ii) The price of firm's output increases. (iii) More firms enter in the industry. (iv) The value of marginal product is beneath the wage rate. (v) Worker

  • Q : Describe proportional in taxes as

    Line T1 depicts in given graph as in below a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive.

    Q : Nominal wages If the nominal wages of

    If the nominal wages of carpenters rose by 5 percent in the year of 2000 and the price level increased by 3 percent, then the real wages of carpenters: A) decreased by 2 percent. B) increased by 2 percent. C) increased by 3 percent. D) increased by 8 percent.