_____________ is a core element of a free-market economy.
A) Predatory pricing
B) Price competition
C) Price fixing
D) Skimming pricing
E) Penetration pricing

Question

Quizplus · Accepted Answer

Price competition is a core element of a free-market economy. In a free market, firms are able to set their own prices and compete with each other to attract consumers, leading to lower prices and higher quality products. Predatory pricing, price fixing, skimming pricing, and penetration pricing are all considered anti-competitive practices and are therefore not core elements of a free-market economy.

_____________ Is a Core Element of a Free-Market Economy