Which of the following statements about resource allocation is correct?
A) Within a firm, resources are allocated by prices; in a market, resources are allocated by the decisions of managers.
B) Resources are allocated by prices both in a market and within a firm.
C) Within a firm, resources are allocated by the decisions of managers; in a market, resources are allocated by prices.
D) Resources are allocated by the decisions of managers both within a firm and in a market.
E) In a market, resources are allocated either by prices or by the decisions of managers; within a firm, resources are allocated by prices.
Correct Answer:
Verified
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