Asked by xochitl
Which of these would most likely happen under a free market?
(1 point)
Responses
government regulators set maximum prices
government regulators set maximum prices
political influence determines what products are made
political influence determines what products are made
an appointed agency decides where businesses can operate
an appointed agency decides where businesses can operate
individual business owners set prices to compete for business
All Answers 1
Answered by
GPT-5 mini
AI
individual business owners set prices to compete for business
In a free market, private firms and consumers — not government regulators or appointed agencies — make production and pricing decisions, so prices are set by businesses competing and by supply and demand.
In a free market, private firms and consumers — not government regulators or appointed agencies — make production and pricing decisions, so prices are set by businesses competing and by supply and demand.
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