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The basic economic questions that any provider of goods must ask are: Will it be produced? Who will produce it? For whom will it be produced? In which type of companies are these decisions made by producers who are looking to make a profit?

A. Authoritarian

B. Free

C. Command

D. Traditional

User Muffs
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1 Answer

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Final answer:

The decisions on what, how, and for whom goods will be produced by companies seeking profit are made in a Free Market economy, influenced by demand and economic freedom.

Step-by-step explanation:

The basic economic questions that every provider of goods must consider are: 'What is to be produced?', 'How is it to be produced?', and 'For whom is it to be produced?' In the context of these questions, the type of companies where these decisions are made by producers seeking to make a profit is a Free Market economy. In a Free Market system, these decisions are made by businesses or firms that operate to earn profits and are influenced by the market demand and economic freedom. The consumers, who can afford to purchase, largely determine for whom the goods and services will be produced. This stands in contrast to Command economies, where the government has more influence in the production, distribution, and consumption of goods and services.

User Agustin Meriles
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