When an intermediary represents a number of producers, the number of transactions might decrease, but the cost of buying and selling remains constant.

Question

Quizplus · Accepted Answer

When an intermediary represents multiple producers, it can reduce the total number of transactions between producers and consumers, leading to economies of scale and potentially lowering the cost of buying and selling due to reduced transaction costs and increased efficiency.

When an Intermediary Represents a Number of Producers, the Number