question 6

what is the goal for each in a market economy?

firms: select

consumers: select

Question

question 6

what is the goal for each in a market economy?

firms:  select

consumers:  select

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "direct_cot", "blank_filling_formatter", "explain_then_answer", "quick" ], "needs_drawing": false, "concepts_used": [ "Market Economy" ], "new_concepts": [ "Economic Incentives", "Utility Maximization", "Profit Maximization" ], "current_concepts": [ "Market Economy", "Economic Incentives", "Utility Maximization", "Profit Maximization" ] } ## Goal of firms in a market economy - Firms aim to maximize profit. ## Goal of consumers in a market economy - Consumers aim to maximize utility (or satisfaction). What is the goal for each in a market economy? Firms: Maximize profit Consumers: Maximize utility (satisfaction) { "subject": "Social Science", "question_type": "Fill-in-the-blank", "knowledge_point": [ "Social Science", "Economics", "Market Economy" ] }

Sovi.AI - AI Math Tutor

QUESTION IMAGE

Question

Explanation:

Goal of firms in a market economy

Goal of consumers in a market economy

Answer: