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Which of the Following Is TRUE Regarding Markets? I) Economists

Question 381

Multiple Choice

Which of the following is TRUE regarding markets? I) Economists define a market as a geographic location where trade occurs.
II) A market enables buyers and sellers to get information about each other and to buy and sell from each other.
III) Markets coordinate decisions through prices.


A) I only
B) I and III
C) II and III
D) I, II and III

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