In Contrast to Public Markets, Private Markets Are Characterized by Individually

question 23

Multiple Choice

In contrast to public markets, private markets are characterized by individually negotiated transactions that take place without the aid of a centralized market. Therefore, private markets will generally have:

• A) High transaction costs and high liquidity
• B) High transaction costs and low liquidity
• C) Low transaction costs and high liquidity
• D) Low transaction costs and low liquidity

---

Definitions:

Contingency Thinking

A reasoning approach that involves considering multiple potential actions or outcomes in decision-making, recognizing that different conditions require different solutions.

Outside The Box Thinking

A creative thinking process that involves looking beyond conventional solutions and considering novel or unconventional approaches to solving problems.

Reciprocal Thinking

The consideration of mutual perspectives, understanding that thoughts, feelings, and actions can be influenced by and can influence others'.

Different Cultures

The diverse sets of customs, traditions, beliefs, and values that distinguish one group of people from another.