Which of these events is MOST LIKELY to occur in a market economy?
Consumers buy computers and software at prices set by the government.
Bicycle stores choose which products and services to offer to consumers.
Farm operators are required to produce a different quantity of goods each year.
Government leaders set production quotas for the number of new cars produced.
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Question

22-08-2022
Advanced Placement (AP)

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Which of these events is MOST LIKELY to occur in a market economy?
Consumers buy computers and software at prices set by the government.
Bicycle stores choose which products and services to offer to consumers.
Farm operators are required to produce a different quantity of goods each year.
Government leaders set production quotas for the number of new cars produced.
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Lanuel Lanuel · Answer 1 · 2022-08-26T06:12:21-04:00

An event which is most likely to occur in a market economy is: B. Bicycle stores choose which products and services to offer to consumers.

What is a market economy?

A market economy can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government.

Simply stated, a market economy refers to a type of economy that is completely driven by demand and supply of goods and services.

This ultimately implies that, a market economy is devoid (free) of government regulations, interference and control because market forces are typically determined by the market (business enterprises).

In conclusion, we can infer and logically deduce that an event which is most likely to occur in a market economy is a bicycle stores choose which products and services to offer to consumers.

Read more on market economy here: https://brainly.com/question/350539

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