The goal of socialist economies is to: Allocate resources efficiently Level the playing field by seeking equal opportunity Create equal outcomes through the redistribution of income/wealth Promote the direction of the economy through the invisible hand

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators