Producers in the market economy are competing for customers, so they often have _________________________ than other types of economies.

more governmental regulation

less property ownership

less variety of product

lower prices

Question

30-06-2021
Business

Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Producers in the market economy are competing for customers, so they often have _________________________ than other types of economies.

more governmental regulation

less property ownership

less variety of product

lower prices

Sagot :

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.

Brett and his mom paid 36$ to attend a dog show. an adult ticket was 3 times the cost of the child ticket.how much was an adult ticket?

The Treaty of Versailles included provisions to do which of the following? divide both Germany and Austria-Hungary into several smaller nations establish an int

Ramal filled 3 pages in a stamp album.This is one sixth of the pages in the album.How many pages are their in ramals stamp album

There were 200 people at the baseball game. Each of them bought a $8 ticket to get into the game. How much money did the people spend on baseball tickets for t

Which is an example of a competitive relationship? A. barnacles living on a whale's back feeding on particles in the water B. fungus growing around plant roo

The sum of twice a number and 5 less than the number is the same as the difference between-17 and the number. What is the number?

caitlin has a movie rental card worth $175.After she rents the first movie ,the card's value is $172.25. Aftershe rents the second movie ,its value is $169.50.A

Expand the equation (p+q)^5

The Cultural Revolution ultimately failed because people began to seriously question communism. famine killed millions of people nationwide. human rights viola

Which civil right was denied to women in America in the mid-1800s? A. owning property B. working in factories C. having a trial by jury D. voting in electi

ewomazinoade ewomazinoade · Answer 1 · 2021-07-05T20:19:38-04:00

Answer:

lower prices

Explanation:

A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions

Characteristics of a pure market economy

• Private ownership of means of production

• freedom of choice. Producers are free to produce what they desire

• competition among producers

• no government intervention.

Due to the fact that producers compete with each other in this type of economy, prices would be lower to attract customers

Sagot :

Other Questions