Asked by Anamari Kolak on Jul 17, 2024
Verified
Which statement is false?
A) The retail market for gasoline is local.
B) A market must be at a specific location.
C) The market for automobiles is regional.
D) The market for some goods and services may be international.
Retail Market
A marketplace where goods and services are sold directly to consumers, typically involving transactions of smaller quantities.
- Understand the significance of market structures (like eBay) in transforming traditional market dynamics.
Verified Answer
MG
Minta GraceJul 18, 2024
Final Answer :
B
Explanation :
A market does not necessarily have to be at a specific location. It could also be a virtual or online market.
Learning Objectives
- Understand the significance of market structures (like eBay) in transforming traditional market dynamics.