Which of the following statements about a market is true?
A) It is not necessary for the market to have a physical location.
B) The market does not necessarily own the goods or services involved.
C) A market can deal in any variety of goods and services.
D) Both buyers and sellers benefit from the existence of a market.
E) All of these are correct.

Question

Quizplus · Accepted Answer

All of the statements are true. A market can be physical or virtual, and can deal in any type of goods or services. Both buyers and sellers benefit from a market as it creates opportunities for exchange and competition. The market itself does not own the goods or services, it simply facilitates transactions between buyers and sellers.

Which of the Following Statements About a Market Is True