Read each question and choose the best answer.

Question

In a free market system, the concept of consumer sovereignty means that
A. consumers have the power to decide through their actions what goods and services get produced.
B. producers are in an ongoing struggle with consumers over control of the marketplace.
C. government must intervene to ensure fair competition between consumers and producers.
D. consumers are not bound to accept the positive incentives offered by producers.

Answer 1

The best answer is:

A. consumers have the power to decide through their actions what goods and services get produced.