A black market is A. a market in which buying and selling take place at prices that violate government price regulations. B. very similar to a "gray" market except that the goods and services exchanged are imported. C. a market in which all transactions involve activities (such illicit drugs, prostitution, etc.) many in the population find morally offensive. D. a market in which buying and selling take place at prices consistent with government price regulations.

Question

Business

Annabelle Joseph

20 January, 10:14

A black market is A. a market in which buying and selling take place at prices that violate government price regulations. B. very similar to a "gray" market except that the goods and services exchanged are imported. C. a market in which all transactions involve activities (such illicit drugs, prostitution, etc.) many in the population find morally offensive. D. a market in which buying and selling take place at prices consistent with government price regulations.

+5

Answers (1)

Know the Answer?

Judith Browning · Answer 1

The answer is: A) a market in which buying and selling take place at prices that violate government price regulations.

Explanation:

Black markets happen when entities (individuals or businesses) engage in trading of goods and services that are prohibited by the governments. Or when the entities engage in trading activities and do not want to pay taxes from those transactions.