First and foremost, a market consists of
A) substitute goods
B) complementary goods
C) goods produced by the same firm
D) goods produced with the same inputs
E) goods that serve dissimilar purposes, which is why they are grouped

Question

Quizplus · Accepted Answer

A market consists of goods that serve similar purposes, which is why they are grouped together. Substitute goods are goods that can be used in place of each other, such as coffee and tea.

First and Foremost, a Market Consists of