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Which of the Following Statements About a Pure Market Economy

Question 62

Multiple Choice

Which of the following statements about a pure market economy is FALSE?


A) All goods and services must meet government standards.
B) Goods and services are produced using the least-cost method of production.
C) Goods and services are produced by businesses in the most efficient manner.
D) The goods and services that are produced are those which businesses can sell at a profit.

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