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Intermediaries Are Agents,software or Businesses That Provide a Trading Infrastructure

question 48

Multiple Choice

Intermediaries are agents,software or businesses that provide a trading infrastructure to bring buyers and sellers together.Which of the following businesses do not fall into the category of intermediary?


Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, also known as the market-clearing price.

Profit

The financial gain obtained when the amount earned from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

TR

Total Revenue, which is the total income generated by a business from its sales of goods or services.

Long Run

A time period in economic theory during which all factors of production and costs are variable, allowing for full adjustment to changes.

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