When Allocating Resources Using Market Price

question 91

Multiple Choice

When allocating resources using market price

• A) everyone who is willing and able to pay for a good gets one.
• B) everyone who wants a good gets one.
• C) everyone who is willing to pay for a good gets one.
• D) everyone who is able to pay for a good gets one.

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Definitions:

Commission

A fee paid for services, usually a percentage of the total transaction.