The term "market" refers to
A) trading arrangements that have been approved by the government.
B) any arrangement that enables buyers and sellers to get information and trade with one another.
C) physical structures only.
D) locations where buyers and sellers physically meet.

Question

Quizplus · Accepted Answer

The term "market" refers to any arrangement that enables buyers and sellers to get information and trade with one another. It can include both physical and virtual structures, and does not necessarily require government approval.

The Term "Market" Refers to