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Highly perishable and bulky articles, costly to transport over long distances, typically command a:
ALocal market
BNational market
CInternational market
DForward market
Answer & Solution
Correct answer: A. Local market
1. When buyers and sellers are limited to a local area, the market is a local market.
2. Highly perishable goods and bulky articles whose long-distance transport is uneconomical fit this category.
3. National and international markets describe wider reach, so they are ruled out here.
4. Therefore the answer is a local market.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 4 Unit I "Meaning and Types of Markets", p.2_
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