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 system, prices are determined by supply and demand, and businesses have the autonomy to set their prices based on competitive conditions.
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
1 answer
1 answer