Under competitive conditions, market prices
a. are incapable of coordinating the actions of buyers and sellers.
b. generally convey little information about the value and cost of goods.
c. generally bring the self-interest of individuals into harmony with the general welfare.
d. do not usually have much of an effect on the decisions of individuals.

Question

ltiobowens8876 ltiobowens8876

26-05-2018
Business

contestada

Under competitive conditions, market prices
a. are incapable of coordinating the actions of buyers and sellers.
b. generally convey little information about the value and cost of goods.
c. generally bring the self-interest of individuals into harmony with the general welfare.
d. do not usually have much of an effect on the decisions of individuals.

Respuesta :

Otras preguntas

if the area of a rectangle is 12cm2 what could its length be and its width?

I can somebody help me with this problem and explained with steps 17=12(x+2)+2x

How do water molecules behave?

A car is moving at a rate of 28 MPH, and the diameter of the wheel is about 2 1/3 feet. A) Find the number of revolutions per minute the wheels are moving B) Fi

what countries touches the northern border of ukraine

The equation 190.80 = 12y can be used to find the entry fee per contestant y, in dollars, for entering a contest. What is the value of y? y = $

Frances has no money in her checking account. she writes 3 checks for $35 each. the bank imposes $15 penalty because she has overdrawn her account. how much mon

what is the square root of ... √900 , √289 , && √484

A hot air balloon is rising upward with a constant speed of 2.50m/s. When the balloon is 3.0 m above the ground, the balloonist drops a compass over the side of

what is the answer if you simplify (-3k^0)^-4

MrsTriplet MrsTriplet · Answer 1 · 2018-06-04T19:14:57+02:00

Under competitive conditions, market prices generally bring the self-interest of individuals into harmony with the general welfare. Competitive conditions happen when many products or companies create a competitive good or service with another on the market. The market will help decide what the price of the good or service should be sold at which shoes the true interest the consumers have with the product or service.