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WAEC Economics 2007 Question 22

Question 22

Distributive Trade

Which of the following is a middleman in the chain of distribution?

  1. A.An entrepreneur
  2. B.A producer
  3. C.A banker
  4. D.A retailer.
Show the answer and explanation

Answer: D (A retailer.)

Explanation

Wholesalers and retailers stand between producers and consumers, so they are middlemen.