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Answer to Question #47259 in Macroeconomics for rasheirra

Question #47259



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
Expert's answer
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

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