Which of the following is an advantage of market exchanges?
A) They are created for the purpose of uncovering and exploiting joint opportunities.
B) Buyers and sellers need not share sensitive information.
C) Buyers and sellers are beneficially locked into a continuing relationship.
D) They offer buyers and sellers a lot of flexibility.
E) Low levels of trust and commitment are needed to manage these types of relationships.

Question

Quizplus · Accepted Answer

Market exchanges offer buyers and sellers a lot of flexibility, allowing them to enter and exit the market on their own terms. This means that they can adjust their behavior and strategies in response to changing market conditions, without being locked into a long-term relationship. This can be advantageous for both parties, as it allows them to adapt to changing circumstances and take advantage of new opportunities as they arise.

Which of the Following Is an Advantage of Market Exchanges