A market is defined as
A) a process.
B) interactions between buyers and sellers.
C) a process of competing bids and offers.
D) negotiations between buyers and sellers resulting in exchange.
E) all of the above.

Question

Quizplus · Accepted Answer

All of the options listed are components of a market. A market involves a process whereby buyers and sellers interact, competing bids and offers are made, negotiations occur and ultimately exchanges take place. Therefore, E is the best choice.

A Market Is Defined as