While in market economies the profit depends on consumer demand,production production efficiency,and product quality,for command economies profit depends on:
A) production cost.
B) product differentiation.
C) product mix.
D) quantitative production target.

Question

Quizplus · Accepted Answer

In command economies, production targets are determined by central planners and the focus is on achieving those targets instead of maximizing profit. Therefore, profit depends on meeting the quantitative production target set by the government.

While in Market Economies the Profit Depends on Consumer Demand,production