Direct search markets are characterized by:
A) complete price information.
B) extensive broker and dealer participation.
C) private placement transactions and sale of common stock of small private companies.
D) a high level of efficiency.

Question

Quizplus · Accepted Answer

Direct search markets involve buyers and sellers seeking each other out directly, often for transactions like private placements or sales of common stock in small private companies, where traditional market mechanisms (like exchanges) are not involved.

Direct Search Markets Are Characterized By