Final answer:
A new car is more likely to be sold in the product market, which caters to consumers' needs for finished goods, unlike raw materials, services, or financial securities.
Step-by-step explanation:
The item that would most likely be sold in the product market is c. a new car. The product market is where final goods and services are sold to consumers. Iron ore is considered a factor market product because it is raw material. Entrepreneurial ability is not a tangible product but rather a factor of production. Stocks and bonds are traded in the financial market, not the product market.
Product markets are part of the circular flow of the economy where households are typically the consumers who buy goods and services produced by firms, whereas firms buy resources, such as labor and raw materials, in the factor markets. For example, households purchase various items ranging from daily necessities to luxury items like new cars. In contrast, firms offer the entrepreneurial ability to innovate and provide services, impacting other parts of the economic flow, such as labor and financial markets.