Prices to allocate resources to their most efficient use because firms compete with each for customers and will set prices as low as possible while still earning a fair profit when consumers demand more of a good (and so want more resources allocated to the production of that good), the increase in demand will increase prices and give firms an incentive to produce more all of the above
Answers: 1
English, 21.06.2019 13:00
Was an early church leader as well as a philosopher of his day
Answers: 1
English, 22.06.2019 07:00
What is the meaning of the suffix โlogy? some examples include theology, astrology, and biology. a-action or process b-science of, study of c-to make d-relating to
Answers: 1
Prices to allocate resources to their most efficient use because firms compete with each for custom...