Whenever a complex product is made, several different buyers and sellers get involved in the production before the final product reaches the consumer. The statement is _________.

correct

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incorrect

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inaccurate

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complicated

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Solution

The correct option is A correct
There is a chain of markets before a product reaches the consumer.

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Similar questions

Q. A firm that sells products in a market characterised by many sellers and buyers, differentiated products, and unlimited long-run resource mobility is

Q. Choose the correct option.

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(b) Free entry and exit

(d) Differentiated products

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Whenever a complex product is made, several different buyers and sellers get involved in the production before the final product reaches the consumer. The statement is _________.

The correct option is A correctThere is a chain of markets before a product reaches the consumer.

The correct option is A correct
There is a chain of markets before a product reaches the consumer.