In a free market economy government is needed when

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Question 61.In a free market economy, government is needed when _____.property right are not assigned to individualsthe market fails to allocate resources efficientlya single supplier has a substantial influence on themarket price.all of the above apply
5 points Question 71.All other things being equal, an increase in demand results in a(n) ______.
5 points Question 81.In a free market, a shortage of a product always leads to:
5 points Question 91.Price discrimination is most likely practiced by a(n) _____.
5 points Question 101.Rival pricing strategies and collisions are typically found in a(n) _____.monopolyoligopolymonopolistic competitionperfectly competition
5 points

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