Which of the following statements about open-air markets is correct?

• A. Open-air markets only sell agricultural products.
• B. All open-air markets specialize in one type of goods.
• C. Open-air markets are always government regulated.
• D. Open-air markets may offer a variety of goods, not limited to one type.

Answer: (D)

Verified step by step guidance

1. Step 1: Understand the definition of open-air markets. These are markets held outdoors where vendors sell goods directly to consumers, often in a public space like a street or plaza.
2. Step 2: Analyze the first statement: 'Open-air markets only sell agricultural products.' Consider whether open-air markets are limited to agricultural goods or if they can include other types of products.
3. Step 3: Evaluate the second statement: 'All open-air markets specialize in one type of goods.' Reflect on whether open-air markets are always specialized or if they can offer a variety of goods.
4. Step 4: Consider the third statement: 'Open-air markets are always government regulated.' Think about the extent of government regulation in open-air markets, noting that regulation can vary by location and market.
5. Step 5: Conclude that open-air markets often offer a variety of goods, not limited to one type, and are not necessarily restricted to agricultural products or always government regulated.