Question

Please helpppp, anyone??

Answer 1

Imagine that you have opened a factory. You have decided to produce bicycles. You can produce as many bicycles as you would like, but government regulations prevent you from charging more than $200 for your bicycles, in order to protect competition in the marketplace. Which statement correctly names this type of economy and explains its democratic benefit?

A market economy protects the rights of the individual over what is best for corporations.

A market economy limits what companies can do or sell and keeps individual rights intact.

A mixed economy offers some protection for consumer rights but still allows a good deal of choice.

A mixed economy allows free competition to determine how best to treat consumers without limiting corporations.

Answer 2

@Hayhayz @

Answer 3

The regulation is to prevent control of the market be a single enterprise. What kind of economy is that?

Answer 4

im not sure :/

Answer 5

Think about control over the bicycle manufacturer. We're not controlling the consumer.

Answer 6

im sorry i still dunno

Answer 7

Production is controlled. Rule out "free competition".

Answer 8

@ganeshie8

Answer 9

You can get better responses by posting in the right section and showing YOUR work.

Answer 10

@zepdrix @mathstudent55 @

Answer 11

maybe u can give better responses :)

Answer 12

We're only here to help. If you show us nothing, we're doing all the work. Give us something to work with. Are the terms in the question defined?

Answer 13

im sorry, i understand, but i dont understand what you are asking

Answer 14

It's a thought question. The answer won't just pop out.

It's a free-ish market, not JUST a market. There is SOME regulation. Does that sound "mixed" to you? In this way we reason it out.

Answer 15

yes it does

Answer 16

well i thought it was the third answer choice am i right???

Answer 17

Well, we have to throw out the last one, since it says "without limiting corporations". Clearly, we are limiting production. Looks like "C" to me.

Have to learn to think it through, talk it out, seek reason and complete thought. You'll get it. :-)

Answer 18

ok thanks!!