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Lucas Capobianco
on Nov 25, 2024

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In a market system, the "What will be produced?" question is ultimately decided by

A) profitability of products.
B) costs of production.
C) workers in the firms.
D) industry analysts.

Profitability

The degree to which a business or activity yields profit or financial gain.

Costs Of Production

The total expenses incurred in the process of creating and selling goods or services.

Industry Analysts

Professionals who evaluate the financial conditions, market trends, and other factors of specific sectors or industries, providing insights and forecasts.

  • Acknowledge how market forces of supply and demand guide resource allocation and industry size.
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JB
Jenna BoutilierNov 29, 2024
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