When does market relinquishment occur?
A)When there are rule changes by the government
B)When business firms leave a market
C)When a customer is willing to sign a contract with a small business to ensure a product
D)When a new product is in demand

Question

Quizplus · Accepted Answer

Market relinquishment occurs when business firms leave a market, either voluntarily or due to financial difficulties or failure. It is not caused by government rule changes or customer contracts, and while new products may impact the market, they do not necessarily cause relinquishment.

When Does Market Relinquishment Occur