Consider the circular flow model when answering the following questions

a. a firm decides to buy an existing factory in town. this would occur in the

b. profits (income generated from entrepreneurial ability) are earned by

c. the price of coffee is determined in the

a. Factor market

b. the firm

c. product market

Explanation:

a, Factory is one of the  factors of production, if it must be traded, it will be done in the market for factors of production known as the factor market.

b. Profit is a reward for one of the factors of production called entrepreneur, the entrepreneur, in the circular flow model is the firm

d. Consumer goods like coffee are available in the product market, therefore the price for coffee is determined in the product market.

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!