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13 cards from this deck
Place where buyers & sellers exchange goods/services
Physical (e.g., shops) and virtual (e.g., online)
Facilitate distribution of economic resources
Lower prices, better quality, more choice
Only one supplier of a particular good/service
Iarnród Éireann (sole rail transport provider)
Same product sold at different prices to different people
Student discounts, senior discounts, off-peak pricing
Limited competition, separate groups, diff. willingness, no resale
Quantity consumers will buy at different prices
Quantity suppliers will sell at different prices
Prices rise
Prices fall
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