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In a free market economy, a. government decides what is produced, and producers decide who gets to consume it. as a good becomes relatively more...

Q18. In a free market economy,

   a. government decides what is produced, and producers decide who gets to consume it.

   b. as a good becomes relatively more scarce, its price declines.

   c. firms choose only to produce the most fashionable goods, regardless of the cost of production.

   d. goods and services are allocated by a price system.

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