QUESTION IMAGE
Question
which of the following statements describe(s) a free market? government does not intervene in any way. there are price controls. the number of sellers is limited to a select few. businesses depend on government subsidies.
A free market is characterized by minimal government intervention. Price controls (second option) involve government setting prices, which is not free market. Limiting sellers (third) is a restriction, not free market. Government subsidies (fourth) mean businesses depend on government, not free market. The first option, where government does not intervene, fits the free market concept.
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A. Government does not intervene in any way.