Which of the Following Is TRUE Regarding Markets? I) Economists

question 381

Multiple Choice

Which of the following is TRUE regarding markets? I) Economists define a market as a geographic location where trade occurs.
II) A market enables buyers and sellers to get information about each other and to buy and sell from each other.
III) Markets coordinate decisions through prices.

• A) I only
• B) I and III
• C) II and III
• D) I, II and III

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