Producers operating in a free market economy are more efficient as a result of
A.
the existence of competition
B.
the very few number of participants
C.
the commitment of the shareholders
D.
government regulation of their activities
Correct Answer: Option A
Explanation
In a free market economy, there is efficiency as a result of competition among producers. It also known as capitalist economy in which the price of the goods are fixed by price mechanism.
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