A market

Question

A market

Quizplus · Accepted Answer

All of the responses are correct. A market can refer to an organized exchange such as the New York Stock Exchange, but it can also refer more broadly to the set of buyers and sellers who trade a particular commodity, whether that trading occurs through an exchange or in more informal settings. In either case, the actions of buyers and sellers within the market will influence the price of the commodity being traded. Thus, a market is defined by the competition between buyers and sellers that impacts the price of the product.

A Market