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A market:

a. is often a physical place facilitates
b. exchanges between buyers and sellers typically
c. involves monetary transactions
d. might not have well-defined geographical limits
e. all of the above

1 Answer

4 votes

A market is

e. all of the above

Step-by-step explanation:

A market has the following characteristics,

  • It is often a physical place facilitates to market
  • exchanges between buyers and sellers typically
  • involves monetary transactions
  • might not have well-defined geographical limits
  • the value, cost and price of items traded are as per supply and demand in a market.
  • Physical market is a place where buyers can directly meet the sellers physically and purchase their desired merchandise from them in exchange of money.
  • A market is a place where people can go to buy or sell things.

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