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Read the scenario. A city has only one electric company. Because of the cost of building a new power grid, no company can ever move in to compete. To protect consumers, the government sets a limit on the amount a single power company can charge its customers. What type of economy is represented in this scenario? a command b developing c mixed market d traditional

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Answer:

C) Mixed market

Step-by-step explanation:

User Irshad Ahmad
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Answer:

A. Command

Step-by-step explanation:

This is a commanded economy since the government restricts most options in this city. The government sets a limit on the amount a single power company can charge its customers. This is why no company can ever move in to compete and the answer is A. Command.

User Dpassen
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