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.
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