Which of the following most accurately states the function of middlemen?
A) Middlemen add to the expense of buyers and sellers without providing any benefit.
B) Our economy would work just as well without middlemen since they do not expand the availability of physical goods.
C) Middlemen reduce the number of transactions since they increase the buyer's price and reduce the seller's net revenue.
D) Middlemen create value by arranging trades and providing information to buyers and sellers.

Question

Quizplus · Accepted Answer

Middlemen create value by facilitating transactions, providing information, and reducing the costs and complexities associated with buying and selling goods and services.

Which of the Following Most Accurately States the Function of Middlemen