A market is only the set of actual, not potential, buyers who have transacted with a seller.

Name: A market is only the set of actual, not potential, buyers who have transacted with a seller.
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Question

Quizplus · Accepted Answer

A market includes both actual and potential buyers, not just those who have already transacted with a seller. Potential buyers who have not yet made a purchase but may do so in the future are also a part of the market.

A Market Is Only the Set of Actual, Not Potential