Which Is NOT a Feature of the Market Economy

question 182

Multiple Choice

Which is NOT a feature of the market economy?

• A) It uses price signals to maximize social surplus.
• B) It provides incentive to market participants to pursue self-interest.
• C) It allocates resources to where they are best used.
• D) It provides equity of income and consumption for market participants..

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Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level.

Blu-Ray Discs

Blu-ray discs are high-density optical discs used for storing large amounts of data, including high-definition video and audio.

Quantity Supplied

The amount of a good that producers are willing and able to sell at a given price.

Quantity Demanded

Reflects the total amount of a product that consumers are willing to buy at a given price point, during a specified time period.