eBay is a market because it facilitates the bringing together of buyers and sellers for the purpose of buying and selling goods and services. While buyers may only buy from a single seller at any one time, there are multiple sellers offering products, creating a market for buyers.

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EBay

Question 7

Multiple Choice

eBay

A) is not a market because buyers can buy from only one seller at any point in time.
B) will be considered a market when the Internet firms become profitable.
C) is a market because buyers and sellers are brought together to buy and sell.
D) cannot function as a market.
E) would be a market if there were only one physical location.

Correct Answer: