QUESTION IMAGE
Question
a free market is described by which of the following statements?
the government does not intervene in any way.
inputs are free to sellers.
the price of outputs is controlled by the government.
consumers have unlimited choices.
In a free - market economy, the government generally does not interfere in the production, distribution, and pricing decisions of firms and households. Inputs are not necessarily free to sellers, the price of outputs is determined by market forces of supply and demand rather than government control, and consumers do not have truly unlimited choices due to budget and resource constraints.
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The government does not intervene in any way.