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A Market Consists of Potential Buyers of a Good or Service

Question 278

Multiple Choice

A market consists of potential buyers of a good or service. However, for a market to exist


A) the business requires wholesalers and retailers.
B) one firm must dominate in sales and product development.
C) people must have unsatisfied wants and needs as well as a willingness and ability to buy.
D) the product must be laboratory tested and approved by the Food and Drug Administration (FDA) .

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