Which of the Following Is NOT Correct About Markets

question 189

Multiple Choice

Which of the following is NOT correct about markets?

• A) They enable buyers and sellers to conduct transactions with one another.
• B) They require a physical location for transactions to take place.
• C) They use prices to communicate between buyers and sellers.
• D) They can exist for single goods as well as for multiple products.

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Definitions:

Confectionary Products

Sweet food items, including chocolates, candies, and gum.

Trek

A long, challenging journey, often on foot, through areas of natural rugged beauty or historical significance.

Specialty Product

A unique or high-value product that buyers are willing to make a special purchase effort to obtain.

BMW Sedan

A four-door luxury car produced by the German automaker BMW.