The market system's answer to the fundamental question "What will be produced?" is essentially
A)"Goods and services that are profitable."
B)"Low-cost goods and services."
C)"Goods and services that can be produced using large amounts of capital."
D)"Goods and services that possess lasting value."

Question

Quizplus · Accepted Answer

Goods and services that are profitable are produced in a market system because producers aim to maximize their profits. This means they will focus on products that consumers demand and are willing to pay for, making profitability a key determinant of what gets produced.

The Market System's Answer to the Fundamental Question "What Will