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23 March, 00:15

Which best describes what occurs in the product market?

the exchange of labor for capital

the exchange of goods and services for factors of production

the exchange of goods and services for money

the exchange of money for factors of production

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Answers (2)
  1. 23 March, 00:16
    0
    C. the exchange of goods and services for money

    Explanation:

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  2. 23 March, 00:38
    0
    Product market denotes a marketplace in which a final good (prpduct) is traded (bought and sold). The following best describes what occurs in the product market: the exchange of goods and services for money. Correct answer: C

    The trade is between products and services and money.
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