Question

1. in which of the following examples would a free market approach work well? a knee replacement a need for chemotherapy a face tightening procedure (to look younger) a heart attack

Explanation:

A free - market approach works best when the service or product is a non - essential, discretionary item. A knee replacement, chemotherapy, and a heart attack are all medical necessities. A face - tightening procedure (to look younger) is an elective cosmetic procedure. In a free - market for elective cosmetic procedures, there is more flexibility in pricing, supply, and demand as it is not a matter of life - and - death or essential medical treatment.

Answer:

C. A face tightening procedure (to look younger)