Multiple Choice
Under laissez faire, output selection is determined by
A) consumer preferences.
B) production costs.
C) firms' desires to make profits.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Price increases always reduce economic efficiency.
Q37: Differentiate between consumer's surplus and producer's surplus.For
Q93: Society might argue that there are cases
Q96: It is true that the distribution process
Q99: Prices<br>A)solve the problem of distribution of products
Q109: In a free-market system, producers will react
Q120: Fixed prices in a free-market economy can
Q126: If the marginal utility of a gallon
Q188: In an efficient market, a scarce good
Q235: Higher efficiency in the economy can be