Producers operating in a free market economy are more efficient as a result of

  • A the existence of competition
  • B the very few number of participants
  • C the commitment of the shareholders
  • D government regulation of their activities
jamb 2022english-language

The correct answer is A. the existence of competition

In a free market economy, there is efficiency as a result of competition among producers. It also known as capitalist economy in which the price of the goods are fixed by price mechanism.

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