Question

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

Answer 1

C) Mixed market

Step-by-step explanation:

Answer 2

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.