In the circular-flow diagram showing how a market system works, O A. households purchase output produced...
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In the circular-flow diagram showing how a market system works, O A. households purchase output produced by firms in product and factor markets. B. income flows to households through factor markets. C. income flows to households and the government through product markets. D. firms and households are both suppliers in product markets. E. households are demanders and firms are suppliers in factor markets. In the circular-flow diagram showing how a market system works, O A. households purchase output produced by firms in product and factor markets. B. income flows to households through factor markets. C. income flows to households and the government through product markets. D. firms and households are both suppliers in product markets. E. households are demanders and firms are suppliers in factor markets.
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