Because of imperfections in real markets, brokers and dealers are necessary to the smooth functioning of a secondary market.

Name: Because of imperfections in real markets, brokers and dealers are necessary to the smooth functioning of a secondary market.
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Question

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Brokers and dealers help to bridge the gap between buyers and sellers in the secondary market, facilitating transactions and providing liquidity, which is essential for the smooth functioning of these markets.

Because of Imperfections in Real Markets, Brokers and Dealers Are