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20: All of the following accurately describe a market economy except : A) the actions of buyers and sellers establish a product's price. B) the

20: All of the following accurately describe a market economyexcept:

  • A) the actions of buyers and sellers establish a product's price.
  • B) the allocation of resources is determined by their prices.
  • C) prices serve as a signaling mechanism to buyers and sellers.
  • D) government establishes maximum and minimum prices for most goods and services.

My guess is answer D because government should not be able to establish maximum and minimum prices in a market economy.

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