A producer has a(n) advantage in the production of a good or a service if his or her relative opportunity cost of production is lower than the opportunity cost of other producers.

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.