Which of the following statements concerning markets is false ? Buyers and selle

Question

Which of the following statements concerning markets is false?
Buyers and sellers communicate with each other directly or indirectly about the quality and quantity of the product. Underground market is the term given to unrecorded transactions, whether legal or illegal. Black markets deal with exchanges that violate the law. Buyers and sellers discuss, either face to face or through an agent or broker, what they are willing to pay and receive for a good or service. Markets are always formally organized, like the stock market. Which of the following statements concerning markets is false?
Buyers and sellers communicate with each other directly or indirectly about the quality and quantity of the product. Underground market is the term given to unrecorded transactions, whether legal or illegal. Black markets deal with exchanges that violate the law. Buyers and sellers discuss, either face to face or through an agent or broker, what they are willing to pay and receive for a good or service. Markets are always formally organized, like the stock market. Buyers and sellers communicate with each other directly or indirectly about the quality and quantity of the product. Underground market is the term given to unrecorded transactions, whether legal or illegal. Black markets deal with exchanges that violate the law. Buyers and sellers discuss, either face to face or through an agent or broker, what they are willing to pay and receive for a good or service. Markets are always formally organized, like the stock market. Buyers and sellers communicate with each other directly or indirectly about the quality and quantity of the product.

Explanation / Answer

Markets are always formally organized, like the stock market

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