Which of the following is sold in the product market acell p

Which of the following is sold in the product market?

a)cell phones

b)land

c)labor

d)human capital

Solution

Which of the following is sold in the product market?

Correct answer will be a) cell phones

Product market is a market place where final goods and services are sold. In other words it\'s a market where consumer goods are sold and purchased. Land, labor and capital are the factors of production and are sold at producers market or factor market.