Answered

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2. RELATING EVENTS In recent years San Francisco, which is a
hub of the high-tech industry, has had the highest median rent
prices in the United States. Use the terms factor market and
product market to explain how the city's economic activities may
have influenced these high prices.

Sagot :

ogorwyne

The factor market is where resources or inputs that are necessary for the manufacturing process are purchased.

The product market is a market where the final goods are sold to the consumers.

The city's economic activities may have influenced  high prices because in situations where it was expensive to get the resources that was used to manufacture the goods, the goods would have to be sold off at high prices.

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