Answer:
b. 2 is market risk ; 3 is firm specific risk.
Step-by-step explanation:
Market risk is the one which is not in the control of the organization and it can not be avoided. Firm specific risk is the business internal risk which a company chooses with it will. In the given scenario the market risk is the concern that real GDP will decline and the profit will be reduced. The product obsolete risk is business specific risk.