The Choice of the Most Efficient Production Technique Is Not

The choice of the most efficient production technique is not affected by how much buyers want to buy the product.Difficulty: 02 Medium
Learning Objective: 02-03 Explain how the market system answers the five fundamental questions of what to produce, how to produce, who obtains the output, how to adjust to change, and how to promote progress.Test Bank: II Topic: Five Fundamental Questions