Which of the Following Is an Important Function of Prices

question 39

Multiple Choice

Which of the following is an important function of prices in a competitive market economy?

• A)Ensuring an equal distribution of goods and services.
• B)Ensuring that resources are used in the most efficient manner.
• C)Ensuring that all industries will be perfectly competitive in the long run.
• D)Equating the marginal utilities of all goods consumed.
• E)Equating level of purchases with level of needs.

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