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lilavasa [31]
3 years ago
12

In a pure market economy: Question 8 options: A) production is determined by the interaction of supply and demand. B) the prices

at which goods are sold is determined by the government. C) collectivist goals are given priority over individual goals. D) all productive activities are owned by the state.
Business
1 answer:
LenaWriter [7]3 years ago
4 0

Answer:

A) production is determined by the interaction of supply and demand.

Explanation:

A  pure market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a  pure market economy

  • Private ownership of means of production
  • freedom of choice. Producers are free to produce what they desire
  • competition among producers
  • no government intervention.

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The consumer won't want to buy cassettes because most music players are cd players if not even that. Plastic, time, money, and labor would be wasted.

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When developing marketing plans, what should a firm consider about their competition?.
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When a company develops marketing plans, it must consider the weaknesses and reactions of competitors, so that it can identify the action necessary to maintain the company's competitive advantage.

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Janis parker is in charge of marketing for a department store sale. during previous sales, she has had success using only radio
NikAS [45]

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