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.

Question

Quizplus · Accepted Answer

In command economies, production targets are set by the government and profit is based on meeting those targets. Other factors such as production cost, product quality, and product mix are often secondary.

In Market Economies, Profit Primarily Depends on Consumer Demand, Production