Select the correct option from the following which represents market classification based on the volume of business.

CA Foundation · Business Economics · PYQS · May 2026
Select the correct option from the following which represents market classification based on the volume of business.
(A) A. Spot market
(B) B. Regulated market
(C) C. Retail market
(D) D. Local market

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Retail market

Topics: Price Determination in Different Markets

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