Which of the following is the best example of a solo market exchange?
A) Jimmy buys a new suit from a tailor who visits his office every quarter.
B) Mariah purchases a box of cookies from a store while on vacation.
C) Tommy buys the same brand of toothpaste because he likes the way it tastes.
D) Sunil signs a service contract with a cleaning company.
E) Fred purchases an apartment from his friend who owns a construction company.

Question

Quizplus · Accepted Answer

A solo market exchange refers to a one-time transaction between a buyer and a seller without the expectation of future interactions. Mariah purchasing a box of cookies from a store while on vacation exemplifies this, as it's a singular transaction with no implied repeat business.

Which of the Following Is the Best Example of a Solo