1.1.6 Free market economies, mixed economy and command economy

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Question 6
Easy

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

Public goods are always provided in optimal quantities

Strong incentives for firms to innovate to meet consumer demand

Natural monopolies are prevented or actively regulated by the state

Income and wealth are distributed equitably across society

1.1.6 Free market economies, mixed economy and command economy Questions

  1. A Level
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