Asked by Jacob Matthews on May 14, 2024
Verified
Buyers and sellers do not have to deal face-to-face with one another in markets.
Buyers
Individuals or entities that purchase goods or services for personal use or for resale.
Sellers
Individuals or entities engaged in the act of selling or providing goods and services to consumers or other businesses.
- Understand the role of prices in markets as signals that coordinate buyers' and sellers' decisions.
Verified Answer
SM
shimshy myerowitzMay 17, 2024
Final Answer :
True
Explanation :
Markets can operate in various formats, including online platforms, where buyers and sellers can conduct transactions without meeting in person.
Learning Objectives
- Understand the role of prices in markets as signals that coordinate buyers' and sellers' decisions.
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