A free market exists
a. when the government places significant restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed.
b. only in fiction. there are no markets or economies which even come close to approaching the status of a free market.
c. when the government places few restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed.
d. when the government places absolutely no restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed.

If there are few restrictions placed by government on how goods and services are produced, sold and on how a factor of production can be employed then a free market exists. Consumers and businesses can buy and sell products with less hassle. (The answer is letter C)

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MrsTriplet MrsTriplet · Answer 2 · 2018-06-17T18:24:31+02:00

A free market exists when the government places few restrictions on how a good or a service can be produced or sold or on how a factor of production can be employed. A free market is an economic system where prices are decided on if there is unrestricted competition between privately owned businesses. Supply and demand are the main factors in a free market and there is little to no government control.