Categories: Economics WAEC

Middlemen are made up of?

A. manufacturers, wholesalers, and consumers
B. manufacturers, wholesalers, and retailers
C. wholesalers, retailers, and hawkers
D. wholesalers, retailers, and consumers

Correct Answer:

Option C – wholesalers, retailers, and hawkers

Explanation

Middlemen are agents who play the role of an intermediary in a distribution or transaction chain that facilitates interaction between the involved parties. They include wholesalers, retailers, agents, and brokers.

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