Ablack market:
a. refers to a market that is slowly disappearing.
c. is a market where government owned resources are sold to individuals and businesses.
b. is defined as a market which has been appropriated by the government.
d. is defined as a market in which goods are sold illegally.

d. is defined as a market in which goods are sold illegally.

A black market: is defined as a market in which goods are sold illegally.

NOT:
a. refers to a market that is slowly disappearing.
c. is a market where government owned resources are sold to individuals and businesses.
b. is defined as a market which has been appropriated by the government.