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Production costs-Consumer Sovereignty

I have a problem in economics on Production costs-Consumer Sovereignty. Please help me in the following question. In the market economy, output patterns mainly reflect: (i) Individual votes by each and every consumer. (ii) The requirements of majority of the population. (iii) Policies of the political party in power. (iv) Relative production costs, consumer tastes, size and the distribution of income.

What is most precise option.

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