Which of the following is a true statement with regard to competitive markets?
A)Self-interested individuals do not promote the general welfare in competitive markets,only in regulated markets.
B)Competition promotes prosperity best when price controls are implemented.
C)Policies that make it easy to enter and exit business promote competition and economic progress.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Policies that promote easy entry and exit from the market contribute to increased competition, which stimulates economic progress. However, self-interested individuals can also promote the general welfare in competitive markets, and price controls tend to hinder, rather than promote, prosperity in competitive markets. Therefore, options A and B are incorrect.

Which of the Following Is a True Statement with Regard