In a market,
A)the primary participants are consumers and firms.
B)government policies play a very small part.
C)decision makers always maximize.
D)the goods sold are not closely related.

Question

Quizplus · Accepted Answer

In a market, the primary participants are consumers (who demand goods and services) and firms (who supply goods and services to satisfy the demand). Government policies can have a significant influence on the market through regulations, taxes, and subsidies. Decision makers in the market may not always maximize, as they may have other goals besides profit maximization. The goods sold in a market can be closely or loosely related depending on the industry and market structure.

In a Market