The textbook defines a "well-organized" market as a market in which
A) all information available to sellers and buyers is also available to other parties to exchange transactions.
B) bids and offers of buyers and sellers are brought together to establish a single price over a wide area.
C) the government regulates maximum and minimum prices.
D) the terms of exchange between buyers and sellers are controlled by a professional marketing association.
Answer: B) bids and offers of buyers and sellers are brought together to establish a single price over a wide area.
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a. true b. false