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.
Correct Answer:
Verified
Q112: The ability of price-taker firms to freely
Q113: Figure 9-15 Q114: When competition is present, self-interested business decision Q115: When the demand for a product falls, Q116: Figure 9-14 Q118: Which of the following is a residual Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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