An individual buys a finished product for the purpose of consumption in a

A. Supply market

B. Factor market

C. Product market

D. Demand market

An individual buys a finished product for the purpose of consumption in a product market.

Answer: Option C

Explanation:

Market essentially is an area where people engage in commercial transactions as one party sells a commodity to another party who buys that commodity. Market seems to be classified into different categories and one such category is product market.

Product market refers to an area where the buyer can purchase finished products and services. This market does not deal with raw materials or production factors. The potential buyers in this market can be consumers, businessman, public sector, etc.

C. Product Market