Middlemen, such as grocers, stockbrokers, and realtors
A) specialize in reducing transactions costs.
B) provide nothing of value to either the buyer or the seller.
C) have no effect on economic output in society.
D) do not exist in capitalist economies.

Question

Quizplus · Accepted Answer

Middlemen specialize in reducing transaction costs by facilitating exchanges between buyers and sellers, making the process more efficient.

Middlemen, Such as Grocers, Stockbrokers, and Realtors