economist friedrich hayek argued that can serve as signals in an economy. producers consumers government…

economist friedrich hayek argued that can serve as signals in an economy. producers consumers government prices

economist friedrich hayek argued that can serve as signals in an economy. producers consumers government prices

Answer

Brief Explanations:

Friedrich Hayek, an economist, emphasized that prices convey information about supply - demand conditions and resource scarcity in an economy, acting as signals.

Answer:

D. prices