Identify whether each of the following activities takes place in the markets for goods and services or markets for factors of production.
Sharon spends $40 to get a haircut.
Amy earns a profit of $5,000 from her grocery business.
Lucia pays a storekeeper $1 for a quart of milk.
Kenji earns $12 per hour working at a salon.
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Identify whether each of the following activities takes place in the markets for goods and services...
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