question 2 1 pts which one of the following is not an advantage of markets? markets have inherent…

question 2 1 pts which one of the following is not an advantage of markets? markets have inherent corrections for the excessive concentration of economic power markets allow individual freedom in decision - making. markets coordinate feedback between buyers and sellers. markets encourage businesses to respond to consumer preferences.

question 2 1 pts which one of the following is not an advantage of markets? markets have inherent corrections for the excessive concentration of economic power markets allow individual freedom in decision - making. markets coordinate feedback between buyers and sellers. markets encourage businesses to respond to consumer preferences.

Answer

Brief Explanations:

Markets do not inherently correct excessive concentration of economic power. Monopolies and oligopolies can form and maintain concentrated economic power without self - correction. Markets do allow individual freedom in decision - making as consumers and producers can make choices. They coordinate feedback between buyers and sellers through price signals and other mechanisms. Also, they encourage businesses to respond to consumer preferences to make profits.

Answer:

Markets have inherent corrections for the excessive concentration of economic power