Question

In market economies, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. This is because multiple choice in command economies, no market-pricing mechanism exists to incentivize resource suppliers to increase resource availability when a shortage occurs. in market economies, buyers of inputs can choose what price they are willing to pay for the inputs. in market economies, buyers of inputs know that consumers want to purchase the product. in command economies, input availability is determined by central planners who may not correctly respond to consumer demand

Answer 1

In market economies, firms rarely worry about the availability of inputs to produce their products because, in market economies, buyers of inputs know that consumers want to purchase the product.

What is a market economy?

A market economy refers to the economic system where the decisions regarding investment, production, and distribution to the customers.

In a market economy, the allocation of resources by the entrepreneurs across different businesses and production processes is determined by the profits they hope to make by producing output that their customers will value that entrepreneurs paid.

Therefore, C is the correct option.

Learn more about the Market economy here:

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