Which of the following statements does not reflect a condition to be satisfied for an exchange to take place?

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Question:
Which of the following statements does not reflect a condition to be satisfied for an exchange to take place?

1.Involvement of at least two parties- the buyer and the seller- is mandatory.

2.Each party should be capable of offering something of value to the other.

3.Exchange can take place if the buyers and sellers are not able to communicate with each other.

4.Each party should have freedom to accept or reject other party’s offer.

Posted Date:-2021-02-22 08:18:58

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