Jenessa_2413

Imagine that you have opened a factory. You have decided to produce bicycles. You can produce as many bicycles as you would like, but government regulations prevent you from charging more than $200 for your bicycles, in order to protect competition in the marketplace. Which statement correctly names this type of economy and explains its democratic benefit?

A market economy protects the rights of the individual over what is best for corporations.

A market economy limits what companies can do or sell and keeps individual rights intact.

A mixed economy offers some protection for consumer rights but still allows a good deal of choice.

A mixed economy allows free competition to determine how best to treat consumers without limiting corporation

Question

Micah Frazier

1 December, 10:35

+2

Answers (1)

Know the Answer?

Cooley · Answer 1

I believe it is - A mixed economy offers some protection for consumer rights but still allows a good deal of choice.