In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?
A) the number of producers
B) the number of consumers
C) market price
D) the amount of resources used in producing the goods and services
Answer: C
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A situation in which both players can adopt moves such that each player's move is its most profitable response to the move of the other is the
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Answer the following statement true (T) or false (F)