3. How does a competitive market, operating without any government intervention, usually handle "shortage" situations?

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asked Jun 22, 2023 10.4k views

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Eshant Bist · Answer 1 · 2023-06-28T20:08:01+0000

By removing government regulations, the nature of the free market forces businesses to provide superior products and services that address consumers' needs. A free market economic system also helps sellers to create affordable prices for everyone.

3. How does a competitive market, operating without any government intervention, usually handle "shortage" situations?

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