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. A market economy protects the rights of the individual over what is best for corporations.
B. A market economy limits what companies can do or sell and keeps individual rights intact.
C. A mixed economy offers some protection for consumer rights but still allows a good deal of choice.
D. A mixed economy allows free competition to determine how best to treat consumers without limiting corporations.

I think it might be B or C

Question

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. A market economy protects the rights of the individual over what is best for corporations.
B. A market economy limits what companies can do or sell and keeps individual rights intact.
C. A mixed economy offers some protection for consumer rights but still allows a good deal of choice.
D. A mixed economy allows free competition to determine how best to treat consumers without limiting corporations.

I think it might be B or C

umm · Answer

Why do you think it's B?