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

Question

Quizplus · Accepted Answer

The term "market" broadly refers to any setup or arrangement that allows buyers and sellers to exchange information and conduct transactions, not just physical locations or structures, nor does it require government approval.

The Term "Market" Refers to