23. Resources are often allocated most efficiently through the price mechanism because
those factors of production which produce the most get paid the least.
B
the competition which arises results in high profits.
Other
Question
23. Resources are often allocated most efficiently through the price mechanism because
those factors of production which produce the most get paid the least.
B
the competition which arises results in high profits.
The price mechanism does not necessarily result in the most efficient allocation of resources, as it does not take into account externalities or other factors that may affect...