Question

question 3
how are the fundamental economic questions answered in a market economy?
large corporations alone decide the answers.
the government alone decides the answers.
individuals, firms, and the government interact in markets to decide the answers to these questions.
households and firms interact in markets to decide the answers to these questions.

one - bedroom apartment with her classmate. her share of the rent is $800 per month. she is considering moving into the studio apartment. the studio apartment rents for $1,100 per month. recently
soo jin is as rational as any other person. as
the space outweighs the benefits.
the rational benefit of having her own place (as opposed to sharing) is at least $1,100.
the rational benefit of having her own place (as opposed to sharing) is at least $1,100.

Explanation:

In a market - economy, households and firms interact in markets to answer fundamental economic questions. This is based on the principles of supply and demand and the free - market system where individual economic agents make decisions.

Answer:

Households and firms interact in markets to decide the answers to these questions.