Which of the following is a function performed by market prices?

A) Market prices communicate information to buyers and sellers.
B) Market prices coordinate the decisions of buyers and sellers.
C) Market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production.
D) All of the above are functions performed by market prices.

Market Prices

The current price at which an asset or service can be bought or sold, determined by supply and demand in an open market.

Entrepreneurs

Individuals who start, manage, and assume the risks of a business or enterprise, often introducing innovations or exploring new market opportunities.

Costs of Production

The total expenses incurred in manufacturing a product or providing a service, including raw materials, labor, and overheads.