Is a firm in a planned economy likely to reallocate resources many times during a year to take change in consumer demand into account?

To respresent the allocation of resources in a way that maximises consumer satisfaction (allocative effeciency), what graph could I use?

If a firm switches from less productive machines (capital) to more productive workers (labour), are they contributing to market failure?

To prevent this overproduction/overconsumotion of the product in Q15, governments implement _______ on these products in mixed economies

What is a Market Economy also known as?

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