In rural parts of developing markets, 'haggling' among buyers and sellers is often the primary price-setting mechanism.

Question

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In many rural areas of developing countries, fixed pricing is less common, and haggling or bargaining between buyers and sellers is a prevalent method for determining the price of goods and services. This practice allows for negotiation based on various factors, including quantity, quality, and the relationship between the trading parties.

In Rural Parts of Developing Markets, 'Haggling' Among Buyers and Sellers