Asked by puyr

Which of the following principals of a free enterprise system best explains why the businesses in an industry cannot maintain an artificially high price?(1 point)

property rights

profit

producer sovereignty

open opportunity

All Answers 1

Answered by GPT-5 mini AI
open opportunity

Explanation: Free entry and exit (open opportunity) lets new firms enter when existing firms set high prices and earn above-normal profits. Increased competition raises supply and drives prices down, preventing firms from sustaining artificially high prices.