To be considered part of a market, an individual must

Question

Quizplus · Accepted Answer

To be considered part of a market, an individual must have both the willingness to buy and the financial resources needed to buy. This is what differentiates someone who is merely a potential customer from someone who is actually part of the market. Being a registered buyer or having made a recent purchase, as in options A and B, are not necessary criteria for being part of a market. And knowing the names and addresses of sellers, as in option C, could be one component of being part of a market, but it alone does not make someone a market participant.

To Be Considered Part of a Market, an Individual Must