In a Market System, the "What Will Be Produced?" Question

question 234

Multiple Choice

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.

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Definitions:

Role Performance

The enactment of behaviors or actions associated with a particular role in society or a specific context.

Performance Goals

Objectives set to assess the effectiveness or outcome of an action or series of actions, often used to evaluate success or progress in various contexts.

Competitive Result

The outcome of a contest or competition where participants strive against each other to achieve superiority or a victory.

Self-Confidence

The belief in one's own abilities, qualities, and judgment.