The term "consumer sovereignty" means
A)consumers have freedom of choice.
Bthere are many independently acting consumers in society.
Cconsumer choices ultimately determine which goods and services are produced.
Dfirms' choices are constrained by the government through consumer voting blocs.
A)consumers have freedom of choice.
Bthere are many independently acting consumers in society.
Cconsumer choices ultimately determine which goods and services are produced.
Dfirms' choices are constrained by the government through consumer voting blocs.