An animation studio wants to make more short films, but it is unable to recruit any extra animators or acquire another editing suite. Which statement is correct?
The studio's film output is limited because it cannot obtain the resources it needs in factor markets
The studio's films are sold in a factor market because animators and an editing suite are used to make them
The studio obtains animators and an editing suite in the product market because they are used to make films
The studio's film output is unaffected because factor markets and product markets operate separately
76 exam-style questions on OCR GCSE Economics 2.1 The role of markets, covering 2.1.1 What is a market, 2.1.2 Primary, secondary and tertiary sectors, 2.1.3 Factor and product markets, and 2.1.4 Specialisation and exchange. Each one has a worked solution and a mark scheme showing where the marks go.