For private goods allocated in markets,
A)prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources.
B)prices guide the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources.
C)the government guides the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources.
D)the government guides the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources.

Question

Quizplus · Accepted Answer

Prices in markets for private goods guide the decisions of buyers and sellers, leading to an efficient allocation of resources through the forces of supply and demand.

For Private Goods Allocated in Markets