Question on: JAMB Economics - 2019
The determination of price by bargaining between buyers and sellers is________
A
Sales by Auction
B
Tender
C
Higgling and Haggling
D
Price Control
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Correct Option: C
One of the ways price are determined in an imperfect market is through Higgling and Haggling. The buyer's maximum price and the seller's minimum price provide the "price range of bargaining".
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