A problem in using the judgment by market structure criterion is that:
A) each action of a firm must be analyzed separately and within a particular context.
B) it is difficult to determine the relevant industry and geographic market.
C) it is an expensive and time-consuming standard.
D) it is the most subjective standard.

Question

Quizplus · Accepted Answer

Determining the relevant industry and geographic market can be challenging due to overlapping markets and varying definitions, making it difficult to apply the judgment by market structure criterion effectively.

A Problem in Using the Judgment by Market Structure Criterion