Compared to digital markets, traditional markets have

Question

Quizplus · Accepted Answer

Traditional markets typically require physical interactions and face-to-face negotiations, which tend to involve higher transaction costs than digital markets that rely on automated systems and standardized protocols. While traditional markets may have some advantages, such as better social interactions and personal relationships, the higher costs and lower efficiency can be a significant disadvantage for many consumers and businesses. Therefore, D is the best choice.

Compared to Digital Markets, Traditional Markets Have