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Question
6 multiple choice 1 point the free market is regulated by: competition and self interest the government and consumers self interest and the government
In a free market, the key regulatory forces are competition (between firms to attract customers) and self - interest (individuals and firms acting to maximize their own benefits like profit or utility). Government regulation is minimal in a free market, so options involving government are incorrect. Consumers alone don't regulate the free market in the primary sense as the free market relies on market forces of competition and self - interest.
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A. competition and self interest