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Byju's Answer
Standard XI
Economics
The Production Process
A business en...
Question

A business entity that produces or sells goods and services is called a/an .

A
buyer
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B
agent
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C
firm
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D
participant
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Solution

The correct option is C firm
A firm is a business entity that produces or sells goods and services. Firms and buyers are the two main participants of a market exchange.

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