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  3. Study Set
    Macroeconomics Study Set 43
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    Exam 2: B: The Market System and the Circular Flow
  5. Question
    In Market Economies, Profit Primarily Depends on Consumer Demand, Production
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In Market Economies, Profit Primarily Depends on Consumer Demand, Production

Question 110

Question 110

Multiple Choice

In market economies, profit primarily depends on consumer demand, production efficiency, and product quality.In contrast, in command economies, profit depends on:


A) production cost.
B) product quality.
C) product mix.
D) quantitative production targets.

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