how can having too little government regulation limit consumer choice in a mixed - market economy?\nthe…
how can having too little government regulation limit consumer choice in a mixed - market economy?\nthe strongest businesses can dominate the economy.\ncompetition between businesses can raise prices.\nproducers cannot control the factors of production.\nproperty can no longer be privately owned.
Answer
Brief Explanations:
In a mixed - market economy, with little government regulation, powerful businesses can create monopolistic or oligopolistic situations. This reduces competition and thus limits consumer choice as consumers have fewer alternatives. High competition usually drives innovation and more choices, but when strong businesses dominate, they can control the market and limit what is available to consumers.
Answer:
The strongest businesses can dominate the economy.