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

Question

Quizplus · Accepted Answer

The term "market" encompasses any arrangement that facilitates interactions between buyers and sellers, allowing them to exchange information and conduct transactions. It is not limited to physical locations or structures, nor does it require government approval.

The Term "Market" Refers to