<Li> markets in illegal goods such as the market for illicit drugs, illegal arms, infringing products, cigarettes sold to minors or untaxed cigarettes (in some jurisdictions), or the private sale of un pasteurized goat milk </Li> <P> In economics, a market that runs under laissez - faire policies is called a free market, it is "free" from the government, in the sense that the government makes no attempt to intervene through taxes, subsidies, minimum wages, price ceilings, etc . However, market prices may be distorted by a seller or sellers with monopoly power, or a buyer with monopsony power . Such price distortions can have an adverse effect on market participant's welfare and reduce the efficiency of market outcomes . Also, the relative level of organization and negotiating power of buyers and sellers markedly affects the functioning of the market . </P> <P> Markets are a system, and systems have structure . The structure of a well - functioning market is defined by the theory of perfect competition . Well - functioning markets of the real world are never perfect, but basic structural characteristics can be approximated for real world markets, for example: </P> <Ul> <Li> many small buyers and sellers </Li> <Li> buyers and sellers have equal access to information </Li> <Li> products are comparable </Li> </Ul>

Which of the following groups represents the demand side of a market