When Profits Occur in a Competitive Market, This Indicates That

question 109

Multiple Choice

When profits occur in a competitive market, this indicates that

• A) consumers value the goods more than the resources used to produce them.
• B) producers value the goods more than the resources used to produce them.
• C) producers value the goods more than consumers value the goods.
• D) consumers value the goods less than the resources used to produce them.