Question

In a market economy, decisions about what to produce are made primarily by
A) the government
B) individuals and firms
C) firms in consultation with the government
D) a central planning committee

Answer 1

In a market economy, decisions about what to produce are made primarily by
A) the government
B) individuals and firms
C) firms in consultation with the government
D) a central planning committee
Firms choose what to produce, in which quantity and what price to charge