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Price signals refers to information conveyed by prices to buyers and sellers. Consumers communicate price signals based on how much they are willing to pay
Price signals" refers to information conveyed by prices to buyers and sellers. Consumers communicate price signals based on how much they are willing to pay for certain products. If sellers pay attention to these price signals from consumers, which of the following is the likeliest benefit? Question 12 options: The price information will give sellers economies of scale. This price information will increase the seller's opportunity cost. This information will make the seller more productively efficient. This information will make the seller more allocatively efficient
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