Two name brand electronic companies have decided join the cellular phone production market. To save money on how much they pay their employees, they have decided to have their new phones manufactured overseas.
Which of the basic economics questions have these companies answered?
i. What should be produced?
ii. How should it be produced?
iii. Who will use what is produced?
A. i only
B. iii only
C. i and ii only
D. i, ii, and iii