Which of the Following Functions Is Not Performed by Prices

question 125

Multiple Choice

Which of the following functions is not performed by prices in a free market?

• A)guiding the allocation of resources 
• B)conveying information about the marginal cost of production 
• C)making the distribution of income more equitable 
• D)replacing the need for governmental supervision of production

---

Definitions:

Charles Derber

An American sociologist and author known for his work on environmental sustainability, economic inequality, corporate power, and globalization.

Social Interaction

The process by which individuals act and react in relation to others, forming the basis of social relationships and structure.

Specific Norms

Precisely defined or particular behavioral expectations within a culture or group that guide individuals' actions in specific contexts.

Role

A role is the behavior expected of a person occupying a particular position in society.