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12th grade A.P. Economics

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which of the following is the most essential for a market economy?

1.) functioning labor unions
2.) good government regulation
3.) active competition in the marketplace.
4.) responsible action by the business leaders.

I think its choice no. 3, am i right?

  • 12th grade A.P. Economics -

    I'd like to argue for 4, but 3 is probably the answer your teacher expects.

  • 12th grade A.P. Economics -

    Functioning labor unions

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