A market is an easy way for
A)buyers and sellers to communicate costs and benefits.
B)sellers to earn profits without any risk of losses.
C)each seller to control his or her selling price.
D)sellers to provide false information to buyers.
E)the government to control sellers.

Question

Quizplus · Accepted Answer

A market is a mechanism through which buyers and sellers interact to exchange goods and services at a mutually agreed-upon price. In this process, buyers and sellers exchange information about the cost and benefits associated with the product being sold, which allows for efficient pricing and allocation of resources. The other options are not correct because they are either not true or not desirable outcomes of a market.

A Market Is an Easy Way for