The idea that in the market system, consumers ultimately decide which goods and services firms will produce is known as
A) socialism.
B) monopolistic competition.
C) consumer sovereignty.
D) institutional competition.

Name: The idea that in the market system, consumers ultimately decide which goods and services firms will produce is known as A) socialism. B) monopolistic competition. C) consumer sovereignty. D) institutional competition.
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Question

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The Answer is C

The Idea That in the Market System, Consumers Ultimately Decide