Question

g One of the major advantages that market economies have over command economies is that a. They are more able to quickly and efficiently deal with situations that require coordination among consumers and producers. b. Market economies make better use of available information about the efficient allocation of resources and goods. c. Markets do not always work efficiently, which can lead to a misallocation of resources. d. All of the above.

Answer 1

Answer: They are more able to quickly and efficiently deal with situations that require coordination among consumers and producers

Explanation:

A market economy simply refers to the economy that's being regulated through the forces of demand and supply. It should also be noted that government plays a limited role in such economy.

On the other hand, command economy is one whereby the government is in charge of the production, distribution and allocation regarding goods and services.

An advantage of the market economy over the command economy is Tlyhst they are more able to quickly and efficiently deal with situations that require coordination among consumers and producers. This is because the producers and the consumers generally control the market thereby coordination is easier.