Which of the Following Best Describes the Distinction Between a Market

Multiple Choice

Which of the following best describes the distinction between a market and an industry?

A) A market has higher barriers to entry than an industry.
B) A market consists of direct sellers, whereas an industry consists of intermediaries.
C) Unlike industries, markets should be considered from both a "big-picture" and a more focused point of view.
D) A market consists of buyers, whereas an industry consist of sellers.