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The market environment of business includes ________.
a)social, political, and legal arrangements that structure interactions in conjunction with markets and contracts
b)interactions between firms, suppliers, and customers that are governed by markets and contracts
c)interactions between the firm and individuals, and interest groups that are intermediated by private institutions
d)interactions between the firm and government entities, and the public that are intermediated by public institutions
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Test Bank for Business and Its Environment
Edition: 7th
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