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1.1.6 Free market economies, mixed economy and command economy

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Question 6

Which one of the following is a likely advantage of a free market economy?

A

Public goods are always provided in optimal quantities

B

Strong incentives for firms to innovate to meet consumer demand

C

Natural monopolies are prevented or actively regulated by the state

D

Income and wealth are distributed equitably across society

Markscheme

1.1.6 Free market economies, mixed economy and command economy Questions

  1. A Level
  2. /Economics
  3. /1.1.6 Free market economies, mixed economy and command economy

22 exam-style questions on Edexcel A A Level Economics 1.1.6 Free market economies, mixed economy and command economy. Each one has a worked solution and a mark scheme showing where the marks go.

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