A firm in a market economy must do all of the following to succeed except
A) organize the factors of production into a functioning, efficient unit.
B) be organized as a corporation.
C) produce the goods and services that consumers want at a lower cost than consumers themselves can produce.
D) have access to sufficient funds.
B
Economics
You might also like to view...
Use the Cobb-Douglas production function to explain why even massive movements of labor and capital across national borders may have little impact on differences in per capita income
What will be an ideal response?
Economics
Refer to Scenario 5.8. The value to Icarus Airlines of complete information is
A) $40 million. B) $90 million. C) $115 million. D) $120 million. E) $125 million.
Economics