In a free market,producers' desires to maximize profit
A) inevitably lead to rising market prices.
B) are inconsistent with incentives to introduce new technology.
C) guarantee that firms never take losses.
D) cause firms to use the most efficient techniques.
E) mean that government must control prices to prevent producers from overcharging consumers.
Correct Answer:
Verified
Q36: The following question are based on the
Q37: The following question are based on the
Q38: The following question are based on the
Q39: A decrease in supply
A) is unrelated to
Q40: There is neither excess supply nor excess
Q42: The following question are based on the
Q43: If actual price is above equilibrium price
A)
Q44: The following question are based on the
Q45: In a free market,the price system determines
Q46: In a market economy,who gets what
A) depends
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