Question

question 5
4 pts
(02.01 mc)
which type of market is the one in which a fast - food company buys the eggs to make a persons favorite breakfast sandwich?
○ product market
○ factor market
○ financial market
○ closed market

Explanation:

To determine the correct market type, we analyze each option:

• Product market: Involves selling finished goods/services, not buying inputs.
• Factor market: Where businesses buy factors of production (like eggs, a raw material/input) to produce goods. A fast - food company buying eggs (an input) to make sandwiches fits this.
• Financial market: Deals with financial assets (stocks, bonds), not physical inputs.
• Closed market: Not a standard economic market type for this context.

Answer:

B. Factor market