The problem of bringing economic agents together to trade is referred to as the ________.
A) incentive problem
B) coordination problem
C) correspondence problem
D) scarcity problem

Question

Quizplus · Accepted Answer

The coordination problem refers to the challenge of getting buyers and sellers to come together to exchange goods or services, as they often have different preferences or information about the market conditions. This can lead to market failures, such as inefficient allocation of resources or lack of innovation. The other options are not directly related to the problem of organizing trade among economic agents.

The Problem of Bringing Economic Agents Together to Trade Is