Question

for private goods allocated in markets, a. prices guide the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources. b. the government guides the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. c. prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources. d. the government guides the decisions of buyers and sellers and these decisions lead to an inefficient allocation of resources

Answer 1

Answer:

c. prices guide the decisions of buyers and sellers and these decisions lead to an efficient allocation of resources.

Explanation:

As we know that the private goods are considered to be the rival and excludable so the consumers who pay for the private goods and the producers of the private goods could exercise the property rights over and across them. Also the market efficiently distributed the resources for private goods production

So as per the given situation, the option c is correct