What Mechanism Assures That Firms Produce Outputs That Consumers Actually

question 106

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 above are correct.

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Definitions:

Hospice Care

A type of care designed to provide comfort and support to individuals and their families during the final phase of a terminal illness.

Resuscitation Techniques

Medical procedures used to revive someone from unconsciousness or apparent death.

Funeral Services

Professional services provided by funeral directors and staff, which include the preparation, commemoration, and burial or cremation of the deceased.

Medical Durable Power

A legal document that grants someone the authority to make healthcare decisions on another's behalf in the event they are unable to do so themselves.