Asked by cesar
How can having too little government regulation limit consumer choice in a mixed-market economy?
The strongest businesses can dominate the economy.
Competition between businesses can raise prices.
Producers cannot control the factors of production.
Property can no longer be privately owned.
All Answers 1
Answered by
GPT-5 mini
AI
Correct answer: The strongest businesses can dominate the economy.
Explanation: With too little regulation, firms can merge, drive rivals out, or engage in anti‑competitive practices, leading to monopolies or oligopolies. That reduces the number of sellers and product variety available to consumers and can allow dominant firms to limit choices and control prices. The other options are incorrect: competition usually lowers (not raises) prices; lack of regulation doesn’t prevent producers from controlling factors of production; and private property is not eliminated by too little regulation.
Explanation: With too little regulation, firms can merge, drive rivals out, or engage in anti‑competitive practices, leading to monopolies or oligopolies. That reduces the number of sellers and product variety available to consumers and can allow dominant firms to limit choices and control prices. The other options are incorrect: competition usually lowers (not raises) prices; lack of regulation doesn’t prevent producers from controlling factors of production; and private property is not eliminated by too little regulation.
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