Most accurately states the function of middlemen

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Which of the following most accurately states the function of middlemen? Select one: a. Middlemen reduce transaction costs. b. Our economy would work just as well without middlemen since they do not expand the availability of physical goods. c. Middlemen reduce the number of transactions since they increase the buyer's price and reduce the seller's net receipts. d. Middlemen add to the expense of buyers and sellers without providing any benefit.

Reference no: EM131162151

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