Private ownership and property rights in a market system have the following implications, except:
A) Individuals are free to take on the financial risks involved in a business
B) Trades that take place in the economy are mutually-agreeable transactions among individuals
C) Economic agents are allowed to act in their own self-interest
D) Large firms are allowed to coerce other firms and individuals

Question

Quizplus · Accepted Answer

Private ownership and property rights in a market system do not allow large firms to use coercion to dominate other firms or individuals. A competitive market system relies on voluntary transactions and does not tolerate the use of force or coercion to gain an unfair advantage.

Private Ownership and Property Rights in a Market System Have