Question

In a ________, companies can decide what to produce, how to produce, whom to sell to, and at what price to sell.

Answer 1

In a free-market economy

Step-by-step explanation:

In a free-market economy, economic activities are controlled by the forces of demand and supply. The exchange of goods and services is a voluntary activity, without any government intervention. In a free-market economy, a majority of the factors of production are owned by private companies and individuals.

One advantage of a free-market economy is that consumers have a variety of goods and services to choose from in the markets. Buyers have the freedom to choose what products to buy and from which sellers. Similarly, companies can decide where to locate their businesses, what goods and services to produce, and how much to sell them.