Q
How do market and command economies differ ?
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A
A. Market economies rely on free markets whereas command economies rely on consumer sovereignty
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B
B. Market economies rely on cooperation whereas command economies rely on conflict
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C
C. Market economies rely on privately held property whereas command economies rely on publicly-held property
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D
D. Market and command economies do not differ substantially, but their political institutions do
Correct Answer:
C. C. Market economies rely on privately held property whereas command economies rely on publicly-held property
