A most suitable option market is the kind of market construction through which a single purchaser purchases a very good or service from a number of sellers. One of these market is frequent in conditions the place the customer has a variety of bargaining energy, equivalent to when the customer is a big firm or authorities company. In a most suitable option market, the customer can select to purchase from the vendor that provides the most effective value, high quality, or different phrases.
Most suitable option markets will be helpful for consumers as a result of they will result in decrease costs, larger high quality, and extra alternative. Nonetheless, they will also be dangerous to sellers, as they will result in decrease income and fewer competitors. Most suitable option markets are sometimes regulated by governments to forestall these detrimental results.
