Question

Consumers in a country are unhappy because they have very little access to

high-speed Internet. Which response would most likely occur if the country
had a free enterprise system?
O A. Many different companies would compete to provide the best
Internet service.
O B. Courts would determine which company is to blame for the poor
Internet service.
O C. One company would be chosen by voters to provide Internet
service.
O D. The government would establish a public company to provide
Internet service.

Answer 1

The correct answer is A. If the country had a free enterprise system, many different companies would compete to provide the best Internet service.

Step-by-step explanation:

A free enterprise economy is an economic system in which, according to theory, price formation, that is, the determination of commodity prices, is regulated by free demand and supply. In addition, the production volumes of commodities are controlled according to demand.

In free enterprise economic theory, firms and consumers decide independently what they want to consume and produce and how to allocate their resources with no government intervention. In theory, this would mean, for example, that the producer and not the state would decide what to produce, how much to produce, how much to charge consumers for products, what to pay workers, etc. In a market economy, these decisions are influenced by competition, supply and demand.