One of the Most Important Determinants of the Success of Free-Market

question 86

Multiple Choice

One of the most important determinants of the success of free-market capitalism is:

• A) government regulation of market participants
• B) free entry and exit in markets
• C) enlightened governments selecting firms that should not be allowed to exit a market
• D) having a few large firms rather than thousands of small entrepreneurs.

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Definitions:

Brainstorming Group

A team assembled to generate creative ideas and solutions through open and unrestricted discussion.

Facilitator

An individual who guides and supports a group to achieve its objectives, often by encouraging participation and ensuring effective communication.

Technological Obsolescence

The state of being outdated or no longer used due to the development of newer and more effective technologies.

Global Competition

The competitive dynamics between companies, industries, or countries on an international scale.