Markets perform all of the following functions except:
A) helping firms decide how to produce.
B) helping firms decide what to produce.
C) determining the prices of goods and services.
D) determining why a firm chooses to produce cars.

Question

Quizplus · Accepted Answer

Markets do not determine why a firm chooses to produce a particular product or service. This decision is made by the firm's management, based on factors such as the availability of resources, technology, and consumer demand. The other three options (A, B, and C) are all functions of markets.

Markets Perform All of the Following Functions Except