The market for a particular good is more likely to be local
A) the lower the cost of transporting the good and the greater the ease of communication between buyers and sellers
B) the higher the cost of transporting the good and the greater the ease of communication between buyers and sellers
C) the lower the cost of transporting the good and the greater the ease of determining the good's quality
D) the lower the cost of transporting the good and the more difficult the communication between buyers and sellers
E) the higher the cost of transporting the good and the more difficult the communication between buyers and sellers

Question

Quizplus · Accepted Answer

When transportation costs are high and communication is difficult, the market tends to be more localized as it becomes challenging to reach distant buyers or sellers.

The Market for a Particular Good Is More Likely to Be