Intermediaries Occur When a Customer Sells Directly to Another Customer

question 72

True/False

Intermediaries occur when a customer sells directly to another customer online, cutting out the intermediary.

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Definitions:

Money Income

Refers to the total income received in the form of money, including wages, salaries, and other earnings.

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Purchases

The act of buying goods or services.

Product X

A placeholder name used to refer to a generic or unspecified product in economic and marketing contexts.