A well-functioning market economy is most likely to lack:

Question

Quizplus · Accepted Answer

State intervention in pricing and production would disrupt the free market system by distorting prices and limiting competition. In a well-functioning market economy, prices are determined by supply and demand, and production is determined by consumer preferences and market forces. The absence of state intervention ensures that markets operate efficiently, with businesses competing on a level playing field and consumers benefiting from lower prices and higher quality goods and services.

A Well-Functioning Market Economy Is Most Likely to Lack