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The Competitive Market Process Tends to Promote Economic Prosperity Because

Question 117

Multiple Choice

The competitive market process tends to promote economic prosperity because it


A) keeps the prices of goods higher than their production costs.
B) creates inefficiencies, which causes people to economize.
C) directs self-interested action toward the production of goods that are highly valued relative to their cost.
D) sends signals to the government about which goods to produce.

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