A market
A) always involves the personal exchange of goods for money.
B) allows interactions between consumers and firms.
C) always takes place at a physical location.
D) has no influence on prices.

Question

Quizplus · Accepted Answer

A market allows for interactions between consumers and firms, whether it takes place in a physical location or online. While personal exchange of goods for money is a common feature, it is not always required, as markets can involve other forms of transactions such as auctions or electronic payments. The market also influences prices through the forces of supply and demand.

A Market