Which of the Following Is a Function Performed by Market

question 342

Multiple Choice

Which of the following is a function performed by market prices?

• A) Market prices communicate information to buyers and sellers.
• B) Market prices coordinate the decisions of buyers and sellers.
• C) Market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production.
• D) All of the above are functions performed by market prices.

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Definitions:

Script

A written text that outlines the dialogue, actions, and scenes of a play, movie, or broadcast.

Symbolic

Pertaining to the use of symbols or the representation of ideas, concepts, or objects through symbols, language, or other abstract means.

Symbolic Interaction

A sociological theory focusing on the ways individuals interpret and give meaning to social symbols in communication.

Functions of Friendship

The roles or purposes that friendship serves in an individual's life, such as emotional support, companionship, and social integration.