A market is defined as
A) a physical place where people buy only goods.
B) a physical place where people buy both goods and services.
C) a store where people buy physical goods.
D) any arrangement that brings buyers and sellers together.
E) a place where one good is bartered for another.

Question

Quizplus · Accepted Answer

A market is any arrangement or system that allows buyers and sellers to interact and exchange goods and services. It does not necessarily have to be a physical place, as markets can exist online or through other means of communication. Therefore, option D is the best choice as it encompasses the broadest definition of a market.

A Market Is Defined as