Markets coordinate in a way that links buyers and sellers who rely primarily on:
A) voluntary cooperation and undirected actions.
B) management directing economic actions.
C) governmental policies to direct the economic actions.
D) the benevolence and good will of the market participants.

Question

Quizplus · Accepted Answer

Markets rely on voluntary cooperation between buyers and sellers who make undirected actions based on their own interests and preferences. There is no central management or government policies directing economic actions; instead, prices and market forces guide transactions. The benevolence and good will of the participants may play a role, but it is not the primary coordinating mechanism.

Markets Coordinate in a Way That Links Buyers and Sellers