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In the circular-flow diagram, a firm is an: a.individual or a group of people who share their income. b.organization that sells factors of production. c.organization

In the circular-flow diagram, a firm is an:

a.individual or a group of people who share their income.

b.organization that sells factors of production.

c.organization that produces goods or services for sale.

d.organization that purchases goods and services.

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