Alyssa's personal residence (adjusted basis of $100,000) was condemned, and she received a condemnation award of $80,000. alyssa used the condemnation proceeds to purchase a new residence for $90,000. what is alyssa's recognized gain or loss and her basis in the new residence? a.$0; $90,000. b.($20,000); $90,000. c.$0; $70,000. d.($20,000); $70,000.

The best option to define a market is (A) a system that allows people or companies to buy and sell products and services.

The other options refer to different terms. Utility, for example, is defined as a product's ability to satisfy a consumer. Buy in bulk might be the definition for the ability to buy production materials in large quantities and save on costs.