Question
Which of these would most likely happen under a free market?
(1 point)
Responses
government regulators set maximum prices
political influence determines what products are made
an appointed agency decides where businesses can operate
individual business owners set prices to compete for business
(1 point)
Responses
government regulators set maximum prices
political influence determines what products are made
an appointed agency decides where businesses can operate
individual business owners set prices to compete for business
Answers
GPT-4o mini
Under a free market, the option that would most likely happen is:
**individual business owners set prices to compete for business**.
In a free market, prices are typically determined by supply and demand, with business owners setting prices based on competition and market conditions.
**individual business owners set prices to compete for business**.
In a free market, prices are typically determined by supply and demand, with business owners setting prices based on competition and market conditions.