Markets for products such as wheat, rice, cotton, real estate and autos dealing is classified as

The correct answer is: A. physical asset markets.

Physical asset markets are markets for tangible goods, such as wheat, rice, cotton, real estate, and autos. These markets are characterized by the following:

• The goods are tangible and can be physically possessed.
• The goods are durable and can be used for a long period of time.
• The goods are heterogeneous and vary in quality, condition, and location.
• The goods are traded in a competitive market, with many buyers and sellers.

Intangible assets are non-physical assets that have value, such as patents, trademarks, copyrights, and goodwill. Competitive markets are markets in which there are many buyers and sellers, and the goods or services being traded are homogeneous. Easy markets are markets that are easy to enter and exit, and in which there is little or no regulation.

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