A market with well-established rules and structure is a(n) _______ market.Multiple Choicegeneralformalspecificinformal

To answer the question regarding the type of market described, let's examine the options provided:

1. General Market: This term typically refers to a broad category of economic activity and does not convey a specific type of structure.

2. Formal Market: A formal market is characterized by established rules, regulations, and structures, often involving legal protections and structured interactions.

3. Specific Market: This term suggests a niche market but does not inherently indicate a well-established set of rules.

4. Informal Market: This type of market lacks regulatory oversight and formal structure, often operating through unregulated transactions.

Given the definition provided in the question, the correct answer is:

Final Answer

Formal Market