How to produce goods that consumers want

Reference no: EM13206148

Automobile manufacturers produce a range of automobiles such as sports utility vehicles, luxury sedans, pickup trucks and compact cars. What fundamental econom- ic question are they addressing by making this range of products?

a. How to produce goods that consumers want?

b. What goods and services will be produced?

c. Who to produce automobiles for?

d. Why produce a variety of automobiles?

Reference no: EM13206148

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