Producers operating in a free market economy are more eff...
Producers operating in a free market economy are more efficient as a result of
The existence of competition
The very few number of participants
The commitment of the shareholders
Government regulation of their activities
Correct answer is A
In a free market economy, there is efficiency as a result of competition among producers. It also known as capitalist economy in which the price of the goods are fixed by price mechanism.
The price elasticity of coefficient indicates ...
Which of the following is an invisible term? ...
The full meaning of NNPC is? ...
The maintenance of general economic stability in the country necessarily relies heavily on ...
Which of the following best explains the structural changes in the population of a country? ...
The downward sloping part of the long-run average cost curve of a firm may be attributable to ...
Cost push inflation is likely to arise when ...
Which of the following activities of government precludes the existence of a market economy? ...
Which of the following caused the change in demand from D1 D1 to D2D\(_{2}...