In the free market system, consumer sovereignty occurs for which of the following reasons?
i....
In the free market system, consumer sovereignty occurs for which of the following reasons?
i. consumers, through their dollar votes, determine how resources are distributed and what goods and services are produced to meet their wants
ii. consumers are free to determine how they earn their income and spend their wages
iii. consumers must buy goods and services that business decides to provide.
Answers: 2
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