Which of the following statements about the market is correct?
A) Market may or may not be a physical location.
B) There is a market for each good and service.
C) Some markets are local, some are regional, others are national.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

All the statements provided are correct. Markets can exist without a physical location (such as online markets), there is indeed a market for every type of good and service, and markets can vary in scope from local to national levels.

Which of the Following Statements About the Market Is Correct