Asked by Christie Stephenie on May 23, 2024
Verified
Consumers purchase products in ________ markets.
A) output
B) factor
C) resource
D) input
Output Markets
Markets in which goods and services are exchanged.
- Recognize the various kinds of markets and their roles (factor, output, and product markets).
Verified Answer
AB
ahmad barakatMay 25, 2024
Final Answer :
A
Explanation :
Consumers purchase products in output markets, where finished goods and services are sold.
Learning Objectives
- Recognize the various kinds of markets and their roles (factor, output, and product markets).