A(n)________ is a group of buyers and sellers who are trading goods and/or services.

Question

Quizplus · Accepted Answer

A market is a group of buyers and sellers who come together to exchange goods and services. A firm is an organization that produces and sells goods or services. An enterprise is another term for a business, which can include firms or other organizations. A government is a political entity responsible for governing a specific geographic area. None of these options fully meet the definition of a group of buyers and sellers who are trading goods and/or services, except for market.

A(n)________ Is a Group of Buyers and Sellers Who Are