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A friend of yours asks you why market prices are better than government-determined prices. What do you say? a. because they generally reflect the value
A friend of yours asks you why market prices are better than government-determined prices. What do you say?
a. | because they generally reflect the value of a good to society, but not the cost of making it |
b. | because they generally reflect the cost to society of making a good, but not its value |
c. | because they generally reflect both the value of a good to society and the cost of making it |
d. | because they generally reflect neither the value of a good to society nor the cost of making it |
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