Understanding Market Functions

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Questions and Answers

What is the primary function of a market?

  • Only buying goods
  • Only selling goods
  • Facilitating the exchange of goods, services, and money (correct)
  • Storing goods for future use

Which of the following is NOT an example of a market?

  • A shopping mall
  • A vegetable stall
  • A library (correct)
  • An e-commerce website An e-commerce website An e-commerce website

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