________ work best when there are many buyers and many sellers.

Question

Quizplus · Accepted Answer

Dynamic exchanges work best when there are many buyers and many sellers. In dynamic exchanges, prices are determined through bidding and offers between buyers and sellers, and having a large number of participants helps to ensure a fair market price. Bartering is an exchange where goods or services are traded without using money and is not necessarily dependent on the number of buyers or sellers. Forward auctions typically have one seller and multiple potential buyers, while reverse auctions have one buyer and multiple potential sellers.

________ Work Best When There Are Many Buyers and Many