A typical feature of a market economy is that
- all producers make profit
- full employment exists
-
consumer sovereignty exists
- there is equality of economic agents
The correct answer is: C
Explanation
A market economy is characterized by private ownership, freedom of choice, self-interest, buying and selling platforms, competition, and limited government intervention. There is consumer sovereignty in a market economy in a way that consumers decide what should be produced, while the forces of demand determine at what prices goods and services should be exchanged.