The characteristics of the dry cargo bulk freight market have caused some economists to conclude that it
Fantastic news! We've Found the answer you've been seeking!
Question:
- The characteristics of the dry cargo bulk freight market have caused some economists to conclude that it demonstrates many of the characteristics of the perfectly competitive market.
- (a) Explain the term 'dry cargo bulk freight'.
- (b) State the assumptions held for markets operating under conditions of perfect competition.
- (c) Discuss the assumptions identified in (b) above as applied to the tramp market of dry bulk trade. Use industry examples.
- What factors determine the price elasticity of demand for maritime service? Provide examples to illustrate your answer.
Related Book For
Posted Date: