Which of the Following Most Accurately States the Function of Middlemen

question 17

Multiple Choice

Which of the following most accurately states the function of middlemen?

• A) Middlemen reduce transaction costs.
• B) Middlemen add to the expense of buyers and sellers without providing any benefit.
• C) Our economy would work just as well without middlemen since they do not expand the availability of physical goods.
• D) Middlemen reduce the number of transactions since they increase the buyer's price and reduce the seller's net receipts.

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