Question

question 6 of 24 which scenario best represents free enterprise ideals in action? a. the only dog groomer in a small town makes a profit even though her prices are high and her work is poor quality. b. the maker of a child - safety device produces the device at the lowest possible cost and charges the highest possible price. c. the federal government collects income tax money and uses it to maintain a military force. d. the state government mandates that all public schools must buy books and supplies from one provider.

Explanation:

Free - enterprise is an economic system where businesses operate with minimal government interference. In option B, a maker is making decisions about cost - production and pricing based on market forces to maximize profit, which is a key aspect of free - enterprise. Option A shows a lack of competition but not a positive free - enterprise aspect. Option C involves government taxation and spending, not a free - enterprise scenario. Option D is a government - mandated monopoly, which goes against free - enterprise ideals.

Answer:

B. The maker of a child - safety device produces the device at the lowest possible cost and charges the highest possible price.