What Mechanism Assures That Firms Produce Outputs That Consumers Actually

question 18

Multiple Choice

What mechanism assures that firms produce outputs that consumers actually desire?

• A)governmental regulations on the mix of outputs
• B)altruism
• C)the desire for profit
• D)a desire to serve others without thought of reward
• E)All of the responses are correct.

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Definitions:

Summarizing

The act of condensing a larger body of information into a concise, comprehensive overview, highlighting main points and important details.

Reader Benefits

The advantages or valuable outcomes that a reader can gain from reading a document, book, or article.

Main Point

The central or most important idea of a discussion, presentation, or piece of writing.

Beneficial To The Reader

Something that provides value or utility to the person engaging with the content.