Middlemen are individuals who
A) add to the buyer's expense without performing a useful function.
B) add to the seller's cost without performing a useful function.
C) provide services that reduce the cost of transactions and help achieve additional gains from trade.
D) act as a middle person between the top management of a business firm and the hourly employees who actually produce the goods and services.

Question

Quizplus · Accepted Answer

Middlemen provide services that facilitate trade by reducing transaction costs, thus enabling buyers and sellers to achieve additional gains from trade.

Middlemen Are Individuals Who