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Profit-seeking intermediaries widely exist in product, labor, financial and other markets. These intermediaries charge fees, resulting in higher product prices for consumers, lower compensations for
Profit-seeking intermediaries widely exist in product, labor, financial and other markets. These intermediaries charge fees, resulting in higher product prices for consumers, lower compensations for workers and lower returns for depositors/investors. Why do consumers, workers and investors still need these intermediaries in the market economy, especially in a more developed market economy?
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