Question

Which situation best illustrates how production decisions are made in a

Answer 1

Answer:

C. A company designs a new laptop computer with features  consumers want.

Explanation:

In a market economy, consumers and producers meet in different markets, where they supply or demand products. The forces of supply and demand determine the price of the goods.

Companies trie to make a profit, they are profit-maximizing firms. One of the ways the try to use to reach this goal is by catering to consumers: by providing consumers with better products at lower prices.