The Commerce Coalition (CC) is an intergovernmental organization operating in South Asia that consists of seven member nations. The CC was established to enable free trade across these seven countries of South Asia. A citizen of any of the member nations can easily purchase goods produced in another member nation without paying additional taxes. Given this information, it can be said that the large market created by the CC is an example of a(n) _____.
A) monopolistic market
B) globalized market
C) oligopolistic market
D) gray market

Question

Quizplus · Accepted Answer

The large market created by the Commerce Coalition (CC) is an example of a globalized market because it involves multiple countries in South Asia coming together to enable free trade across their borders, allowing goods to be purchased without additional taxes, thus promoting international trade and economic integration.

The Commerce Coalition (CC) Is an Intergovernmental Organization Operating in South