Question

Which one of the following is not an institutional requirement for markets to operate smoothly? a....

Which one of the following is not an institutional requirement for markets to operate smoothly?

a. None of these.

b. Infrastructure for the flow of goods and information

c. Individualist institutions related to private and decision making

d.An equal balance of economic power among buyers and sellers

e. Money as a medium of exchange

f. Social institutions of trust

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Homework Answers

Answer #1

Option D.

Institutional requirements in marketing refers to those requirements which are necessary for smooth and efficient functioning of every markets within an economy.

Various institutions and properties are necessary for the smooth functioning of markets

Some of them include infrastructure, individualist institutions related to private and decision making, money as a medium of exchange, social institutions of trust.

Equal Economic balance of power among buyers and sellers is not considered as an institutional requirements for markets to Operate smoothly.

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