To function smoothly and properly, a market economy requires all of the following EXCEPT ________.
A) free enterprise
B) free monopoly
C) price flexibility
D) free choice

Question

Quizplus · Accepted Answer

Free monopoly is not necessary for a market economy to function properly. In fact, monopolies can hinder competition and limit choices for consumers, leading to inefficiencies and higher prices. The other options (free enterprise, price flexibility, and free choice) are all crucial components of a market economy.

To Function Smoothly and Properly, a Market Economy Requires All