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-Firms are motivated to invest resources in industries with a high consumer demand and move away from industries where demand is low.
-Firms are encouraged firms to minimize the resources they consume to produce a commodity and to use the most efficient technologies.
-Commodities are distributed among buyers such that buyers receive the most satisfying commodities they can purchase, given what is available to them and the amount they have to spend.
Answer: All the Above
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What markets comes closes to the model of perfect competition?
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Can you gave me a sentence for the word competitive?
He is very competitive when it comes to snowboarding.
Who challenged the assumption that ethical behavior comes at the expense of economic efficiency?
who challenged the assumption that ethical behavior comes at the expense of economic efficiency
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Is it bad if puss comes out of under your toenail?
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What has increased global trade?
global trade influences the efficiency of many people's lives! in a result green money comes at them
