Question

In a market economy, prices are established by
A) consumers and labor unions.
B) decree of government agencies.
C) the interaction of supply and demand.
D) businesses which buy and sell the products.

Answer 1

WELCOME TO OPENSTUDY

Answer 2

A market economy is an economy in which decisions regarding investment, production, and distribution are based on market determined supply and demand, and prices of goods and services are determined in a free price system.
https://en.wikipedia.org/wiki/Market_economy

Answer 3

new

Answer 4

your medal

Answer 5

thx