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5) This is the arrangement where buyers and sellers learn information from one another and voluntarily exchange goods, services and money.

User Herbie
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The answer is market.
A market is a place, arena or social relations whereby all parties engage in exchanging of goods and services. It is where selling, retailing, trading, merchandising, promoting, advertising happened. This is a place where people meet and gather regularly for the sale and purchase of commodities.
User Tom Squires
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