Question

Two companies make competing brands of laptop
computers. They each try to produce the best computer at
the lowest price to convince customers to buy from them.
Eventually, one company becomes very wealthy and
successful, while the other goes out of business.
The situation described in the passage would most likely take place in which
economic system?
A. Command economy
B. Market economy
C. Communist economy
D. Traditional economy

Answer 1

Answer:

Market Economy

Explanation:

Ok let's do process of elimination here:

It can not be communist or command government because the question never said that the two companies was controlled by the government. It is market economy because the two companies are trying to convince their customers to buy something.

FINAL ANSWER: B: Market economy

Answer 2

Answer: The answer is market economy, just here to confirm! Don’t stress, be aware that people spread false information.

Explanation: