Which of the Following Statements About Resource Allocation Is Correct

Multiple Choice

Which of the following statements about resource allocation is correct?

A) Within a firm, resources are allocated by prices; in the market, resources are allocated by the decisions of managers.
B) Resources are allocated by prices both in the market and within the firm.
C) Within a firm, resources are allocated by the decisions of managers; in the market, resources are allocated by prices.
D) Resources are allocated by the decisions of managers both within the firm and in the market.
E) In the market, resources are allocated either by prices or by the decisions of managers.