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In the circular-flow diagram, firms produce a.goods and services using factors of production.b.output using inputs.c.factors of production using goods and services.d.Both (a) and (b) are

In the circular-flow diagram, firms produce

a.goods and services using factors of production.b.output using inputs.c.factors of production using goods and services.d.Both (a) and (b) are correct.

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