A factor market is the one in which a fast-food company buys the eggs to make a person's favorite breakfast sandwich.
A factor market, also called the input market, is where firms obtain their factors of production, and customers purchase their needs. The factors of production that a firm purchases may include raw materials, land, labor, and capital.
In the above example, the fast-food company purchases eggs which is their raw material, and in turn the customer buys their final product- the breakfast sandwich- as part of the output market. The factor market operates on the basis of demands for goods and services in the output market.
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