The determination of price by bargaining between buyers and sellers is?

A. Sales by Auction
B. Tender
C. Higgling and Haggling
D. Price Control

Correct Answer: Option C

C. Higgling and Haggling

Explanation

Higgling and Haggling is one of the ways prices are determined in an imperfect market. The buyer’s maximum price and the seller’s minimum price provide the “price range of bargaining”.