An institution through which buyers and sellers interact and engage in exchange is

A) a central authority.
B) "laissez-faire."
C) a market.
D) a production frontier.

Central Authority

A governing body or organization that holds the primary power and control over a specified collective or region, often tasked with decision-making and regulation duties.

Production Frontier

Also known as the production possibility frontier, it illustrates the maximum possible output combinations of two goods or services a business can achieve with its current resources and technology.