In order to maximize profits, firms organize their production using
A) only a command system.
B) only an incentive system.
C) a combination of command and incentive systems.
D) neither a command nor an incentive system.
C
Economics
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Name the four types of market structure in order from most competitive to least competitive
What will be an ideal response?
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Allocative efficiency best explains ________, and productive efficiency best explains ________
A) why something will be produced; what will be produced B) what will be produced; how something will be produced C) how something will be produced; when something will be produced D) when something will be produced; why something will be produced
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