Reference no: EM133576338

Question: The price of a product allocates the production of that product to those companies that can most efficiently produce that product. The price of a product also allocates the distribution of that product to those most willing and able to pay for that product. The United States functions primarily as a market economy. Provide an example of a time when the market allocated a product away from you. Explain. Provide an example of a time when the market allocated a product to you. Explain. Provide an example of a time when the market allocated the production of a product away from a particular company. Explain.