Which of the following is NOT one of the four major characteristics that ensure a free-market works properly for the benefit of consumers and producers?

Question

Quizplus · Accepted Answer

The four major characteristics that ensure a free-market works properly for the benefit of consumers and producers are: 
A) Consumers are well informed about the products they want to purchase.
B) The individual pays the full cost and enjoys the full benefits of the product or service at the time of purchase.
C) There is a large number of suppliers from which individuals can choose to purchase a good or service. 
D) The suppliers bear the full cost of production for those items or services.

Option C is not one of the four major characteristics. In fact, having a small number of suppliers could lead to a monopoly or oligopoly, which could be detrimental to consumers and competition in the market.

Which of the Following Is NOT One of the Four