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Which situation best reflects the concept of free enterprise? Consumers have a choice between two bakeries in a single city block. An agency determines which supplements are safe for people to buy. Local officials set the prices for all the gas stations in a community. The government decides the minimum wage for all airline workers.

Dana Keller

in Business

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Ramon Kelly on November 24, 2018

Free enterprise is when people enjoy many economic freedoms. Taking this into account, situation that better reflects the concept of free enterprise is the first choice, the consumers have to choose between two bakeries in a single block of the city.


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