What is voluntary exchange?(1 point)

Question

Responses

Voluntary exchange occurs when products or services are available without cost to the consumer.
Voluntary exchange occurs when products or services are available without cost to the consumer.

Voluntary exchange is where buyers and sellers willingly choose to participate in transactions and both parties receive a net benefit.
Voluntary exchange is where buyers and sellers willingly choose to participate in transactions and both parties receive a net benefit.

Voluntary exchange occurs when consumers and producers can choose to compete in any market place.
Voluntary exchange occurs when consumers and producers can choose to compete in any market place.

Voluntary exchange is the free exchange of information in an economic system.

Answer 1

Voluntary exchange is where buyers and sellers willingly choose to participate in transactions and both parties receive a net benefit.