Which statement about markets is false?
A) buyers compete with sellers
B) buyers cooperate with sellers
C) buyers compete with other buyers
D) sellers compete with other sellers
E) sellers cooperate with buyers

Question

Quizplus · Accepted Answer

In markets, buyers and sellers do not compete against each other; instead, buyers compete with other buyers for goods, while sellers compete with other sellers to attract buyers. Cooperation between buyers and sellers is essential for transactions to occur.

Which Statement About Markets Is False