--%>

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 : Decrease the burden of sales tax on low

    To decrease the burden of a sales tax upon low income households, in that case: (i) goods along with high income elasticities should be taxed. (ii) goods along with low income elasticities should be taxed. (iii) goods along with high income elasticities must be exempt

  • Q : Aggregate demand curve Choose the right

    Choose the right answer from following. The aggregate demand curve is: A) vertical if full employment exists. B) horizontal when there is considerable unemployment in the economy. C) downsloping because of the interest-rate, real-balances, and foreign purchases effect

  • Q : Minimum value of investment multiplier

    Minimum value of investment multiplier: Investment multiplier K=1/1-mpcWhen mpc = 0 then K=1/1-0 = 1 that is the minimum value of investment multiplier

  • Q : Increasing equality in distribution of

    Increasing equality within the distribution of income or wealth is generally related with: (1) decreases in the population’s total amount of income or wealth. (2) lower values for the Gini coefficient. (3) greater overall curvat

  • Q : Question based on type of economy An

    An industry comprised of a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions is called: A) monopolistic competition.  B) oligopoly.  C) pure monopoly.  D) pure competition.

  • Q : Define poverty line by the income

    Explaining the poverty line by the income needed to maintain a specified standard of living is: (w) a positive poverty standard. (x) a relative poverty standard. (y) a normative poverty standard. (z) an absolute poverty standard.

    Q : How consumption influence the

    How does rise in price of a substitute good in consumption influence the equilibrium price?

  • Q : Competitive resource markets and low

    When resource markets are competitive and transaction costs are low, in that case landowners: (1) pass forward completely any land tax. (2) can drive up the rental rate of land by changing its supply. (3) bear the full burden of any t

  • Q : Problem of asymmetric information

    Provide the solution of this question. The problem of asymmetric information is that: A) neither health care buyers nor providers are well-informed. B) health care providers are well-informed, but buyers are not. C) the outcomes of many complex medical procedures cann

  • Q : Spending pattern for maximizing utility

    The consumer maximizes utility if spending patterns cause: (1) Level of net utility to increase each time purchases are modified. (2) Marginal utilities of each and every good consumed to be equivalent. (3) Principle of corresponding marginal utilities per dollar to b