Question

question 11 (mandatory) (3.0303 points)
in a pure market economy, the what, how, and for whom problems are determined by

a) no one.

b) consumers only.

c) both consumers and firms.

d) the governments central planners only.

e) firms only.

question 12 (mandatory) (3.0303 points)

Explanation:

In a pure market economy, the "what to produce" is driven by consumer demand (signaled through purchases), "how to produce" is decided by firms seeking efficiency/profit, and "for whom to produce" is determined by the interaction of consumer purchasing power and firm output decisions. Central planners only act in command economies, and neither consumers nor firms alone control all three questions.

Answer:

c) both consumers and firms.