Solved

Which of the Following Most Accurately States the Function of Middlemen

Question 86

Multiple Choice

Which of the following most accurately states the function of middlemen?


A) Middlemen add to the expense of buyers and sellers without providing any benefit.
B) Our economy would work just as well without middlemen since they do not expand the availability of physical goods.
C) Middlemen reduce the number of transactions since they increase the buyer's price and reduce the seller's net revenue.
D) Middlemen create value by arranging trades and providing information to buyers and sellers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions