Multiple Choice
In a price system, if the most someone is willing to pay for a good is less than the minimum cost of producing it, then
A) the resources used to produce the good are not scarce.
B) the good will not be produced.
C) government will restrict production of the good.
D) firms will supply the good at a price below the cost of production.
Correct Answer:
Verified
Correct Answer:
Verified
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