The following are advantages of a free-market economy except:
A)Restricted transmission of information between consumers and producers
B)Lack of costly red tape and bureaucracy
C)Built-in incentives for efficiency
D)Competitive producers respond to consumer wishes

Question

Quizplus · Accepted Answer

Among the advantages of the free-market economy is the open transmission of information between consumers and producers.
Key Takeaway: The free-market economy has a number of advantages that include open transmissions of information between consumers and producers and the absence of costly red tape bureaucracy. This type of economic system also possesses built-in incentives for efficiency as producers aim to reduce costs and increase profits. Finally, a free-market economy allows competition amongst producers to a greater response to consumer wishes.

The Following Are Advantages of a Free-Market Economy Except