Which of the following is an important function of prices in a market economy?

Economics JAMB 1986

Which of the following is an important function of prices in a market economy?

  • Ensuring that resources are used in the most efficient manner
  • Ensuring an equitable distribution of goods and services
  • Ensuring that all industries are perfectly competitive in the long run
  • Equating level of purchases with level of needs checkmark

The correct answer is: D

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