lbmandm
lbmandm lbmandm
  • 24-05-2021
  • Social Studies
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how do firms know what to produce how much will be produced how to produce it and for whom to produce it​

Respuesta :

HIIIIIIIII13
HIIIIIIIII13 HIIIIIIIII13
  • 24-05-2021

Answer:

Firms know what to produce, because they choose to produce in profitable markets only. Firms find how much will be produced calculating profit-maximizing level of production. Firms know how to produce it and for and for whom to produce it according to supply and demand of particular product.

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