A firm in a market economy must do all of the following to succeed except

Question

Quizplus · Accepted Answer

While being organized as a corporation can provide certain benefits (such as limited liability), it is not a necessary requirement for success in a market economy. Instead, the key factors for success include producing desirable goods and services at a lower cost than consumers can produce themselves, as well as effectively organizing the factors of production and having access to sufficient funds.

A Firm in a Market Economy Must Do All of the Following