Which statement about markets is correct? I. All markets require a physical location.
II) All markets involve a transaction of some type.
III) Markets operate independently of laws and regulations.

Question

Quizplus · Accepted Answer

Statement II is correct - all markets involve a transaction of some type. Statement I is incorrect - markets do not necessarily require a physical location in today's digital age. Statement III is also incorrect - markets operate within laws and regulations set by governments and other governing bodies.

Which Statement About Markets Is Correct? I