Questions: Select all that apply What are two reasons a producer or consumer would use an intermediary or a collaborator? (Check all that apply) To make an exchange less expensive To make an exchange easier To contribute to a higher standard of living To foster homogeneity in demand

Select all that apply
What are two reasons a producer or consumer would use an intermediary or a collaborator? (Check all that apply)
To make an exchange less expensive
To make an exchange easier
To contribute to a higher standard of living
To foster homogeneity in demand

Transcript text: Select all that apply What are two reasons a producer or consumer would use an intermediary or a collaborator? (Check all that apply) To make an exchange less expensive To make an exchange easier To contribute to a higher standard of living To foster homogeneity in demand

Solution

Solution Steps

Step 1: Analyze the question

The question asks for two reasons why a producer or consumer would use an intermediary or collaborator.

Step 2: Evaluate options

To make an exchange less expensive: Intermediaries can achieve economies of scale, reducing costs for both producers and consumers.
To make an exchange easier: Intermediaries simplify transactions by handling logistics, marketing, and other complexities.
To contribute to a higher standard of living: While intermediaries contribute to economic efficiency which can lead to higher living standards, this isn't a direct reason for using one.
To foster homogeneity in demand: Intermediaries do not strive for this; instead, they try to match diverse supply with diverse demand.

Final Answer

To make an exchange less expensive To make an exchange easier

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