Answer:
In the product market,
B) producers sell goods and services to consumers.
Explanation:
When we talk about the market, by definition we are talking about the sale of a product or service for which an amount of money is obtained, however, you can make sure that it is not option A since the productive resources are the Earth, the labor and capital, which are not usually mentioned within the product market, lastly, although it is called the product market, services can also be sold, including all the skills that only require "labor" in mostly.
The statement that correctly states about a product market would be:
B). Producers sell goods and services to consumers.
The product market is characterized as the market where the supply, as well as, the demand of the final goods are made.
In this market, the producers bring their produced goods for the purpose of sale to the consumers.
The consumers purchase the goods of their choice and need while the producers receive the amount in return along with their profit.
Thus, option B is the correct answer.
Learn more about "Producers" here:
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