the role of price in a free market quick check\nwhy is the price system considered an important component of…

the role of price in a free market quick check\nwhy is the price system considered an important component of the market? (1 point)\npre - vents spillover effects from occurring\nensures that producers are able to profit\ncoordinates the activities of producers, consumers, and owners of resources\nguarantees that consumers get the goods that they want

the role of price in a free market quick check\nwhy is the price system considered an important component of the market? (1 point)\npre - vents spillover effects from occurring\nensures that producers are able to profit\ncoordinates the activities of producers, consumers, and owners of resources\nguarantees that consumers get the goods that they want

Answer

Answer:

coordinates the activities of producers, consumers, and owners of resources

Brief Explanations:

In a free - market, the price system signals to producers what to produce, to consumers what to buy, and to resource owners how to allocate resources, thus coordinating their activities. It doesn't prevent spillover effects (externalities), doesn't guarantee producer profit or consumer access to desired goods.