Which statement about markets is true?
A) sellers compete with other sellers
B) sellers cooperate with buyers
C) buyers compete with other buyers
D) buyers cooperate with sellers
E) all of the above statements are true

Question

Quizplus · Accepted Answer

All the statements are true as they describe different aspects of market dynamics. Sellers compete with other sellers to attract buyers, while also cooperating with buyers to complete transactions. Similarly, buyers compete with other buyers for goods and services but cooperate with sellers when making purchases.

Which Statement About Markets Is True