Solution-Consumers value highly relative to cost

Consumers value highly relative to cost

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In a market economy, how do suppliers decide what to produce? Do they have an incentive to produce those goods and services that consumers value highly relative to their cost? Do the producers have an incentive to produce efficiently and keep costs low? Why or why not?

Reference no: EM131227274

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Consumers value highly relative to cost

Reference no: EM131227274

Reference no: EM131227274

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