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In brokered markets:
buyers and sellers are brought together for atransaction fee
buyers and sellers are brought together for a
transaction fee
all of the above are true of broker markets
brokers build a pool of price informationthrough their extensive contacts
brokers build a pool of price information
through their extensive contacts
the commission charged by brokers is a lowercost to buyers and sellers than the cost of direct search
the commission charged by brokers is a lower
cost to buyers and sellers than the cost of direct search
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